Deutsche Bank has announced the appointment of Jorge Arce as the new chief country officer for Deutsche Bank Mexico. Arce is to be based in Mexico City, and will be directly responsible to Deutsche Bank Latin America Chief Executive Officer Bernardo Parnes. Arce is a veteran of the bank, and has served it for more [...]
New City job vacancies fell only 8% in 2011, to 54,020 (2010: 58,830), Astbury Marsden reports. However, 2011′s total masks a sharp deterioration in the City job market towards the end of last year. According to the financial services recruitment firm, December saw only 1,490 jobs created, down 43% from 2,620 a year earlier. The [...]
The chairman of the Swiss National Bank (SNB) has resigned following the revelation earlier this month that his wife, a former currency trader, purchased half-a-million US dollars shortly before the value of the Swiss franc was pegged against the euro, in September of last year. In a statement, Philipp Hildebrand said that it was not [...]
Wealth manager Quilter has announced that it has opened a new office in North Wales to bolster its regional investment capacity. Prior to this, the firm served North Wales from its Liverpool office, which will now be catered to by the Llandudno Junction office. Richard Thorn, leader of the Liverpool office, will also act as [...]
David Cameron is proposing to rein in excessive City pay by giving shareholders a binding vote on remuneration packages. Appearing on BBC One’s Andrew Marr Show yesterday, the Prime Minister said excessive bonuses made “people’s blood boil”, adding that there had been a “market failure” with some bosses getting huge pay increases regardless of performance. [...]
Brewin Dolphin has announced the opening of a new office in Bristol, the firm’s 41st office in the UK. The new office will be led by veteran Investment Manager Terry Leach, who was previously the head of Brewin Dolphin in Taunton. The Bristol office will be the firm’s ninth in the South West region, and [...]
Lemara Hibbert has been appointed as NatWest’s local chief executive officer for Cheltenham, Gloucester and the surrounding area. In her new role, Ms Hibbert will lead the teams working in the NatWest branches in the region, ensuring that they meet the bank’s customer charter commitments and bring to life its “Helpful Banking” pledge. Having worked [...]
The Governors of the European Investment Bank (EIB) and its Board of Directors have confirmed the appointment of Werner Hoyer as the EIB’s new president. Hoyer becomes the institution’s seventh president since its founding 1958, succeeding Philippe Maystadt who departs from the role after 12 years at the helm. Hoyer is also the Minister of [...]
Alfa-Bank has announced the appointment of Igor Kolomeisky as head of Investment Banking, with effect from 16 January 2012. In his new role Kolomeisky will be responsible for developing the firm’s investment banking operations and products. A particular duty he will be tasked with is deepening the integration of investment and corporate business to help [...]
Lloyds Banking Group will see the return of its group chief executive officer in January. Last month, António Horta-Osório had to take leave of absence on medical grounds but Lloyds’ board has since completed a rigorous process, including obtaining independent medical advice, to assess his ability to return and effectively lead the group. Mr Horta-Osório [...]
The Financial Services Authority (FSA) has appointed John Spence as a non-executive director of the board of the Money Advice Service (previously known as the Consumer Financial Education Body), with effect from 2nd January 2012. Mr Spence is currently finance chair of Business in the Community, a charity that promotes responsible business practice. He also [...]
In its latest assessment of the UK jobs market, Manpower is warning of a tough start to 2012. Notably, employers in the finance and business services sector have suffered the third consecutive quarterly fall in their expectations for employment. The decline means that the sector’s employers have shifted from being the most optimistic at the [...]
MBA Lazard has announced the appointment of Cristian Bulnes as managing director and co-head of Chile Investment Banking. Bulnes, whose appointment is made with immediate effect, is to be based in Santiago and will co-lead the firm’s Chilean investment banking business, alongside Andres Sommer. Bulnes was recently chief executive officer of Banco Penta in Chile, [...]
The Board of Directors of Standard Chartered PLC have announced the appointment of Viswanathan Shankar to the position of group executive director. Shankar, whose new appointment is made with effect from 1 January 2012, will continue to be based in Dubai where he moved two years ago when he was made chief executive officer of [...]
Rathbone Brothers Plc, the provider of discretionary fund and wealth management services, has announced the appointment of Andrew Butcher as chief operating officer. Butcher, whose appointment is subject to regulatory approval, joins the firm’s executive team from Charles Stanley & Co, where he also served as chief operating officer. He is to succeed Paul Chavasse, [...]
“Unacceptable” bank bonuses have motivated HM Treasury to launch proposals aimed at improving pay transparency for non-board executives at large banks. The proposals, which are now up for consultation, require banks’ eight highest-paid non-board executives to disclose their remuneration arrangements. This should improve remuneration transparency at around 15 banks, including the largest UK banks and [...]
The number of new job vacancies in the City fell 16% in November, compared with a month earlier, reports Astbury Marsden. The financial services recruitment firm reckons around 2,670 City jobs were created, down from 3,160 in October. Added to which, a high number of investment bank staff searching for new roles means the number [...]
Northern Trust has announced the appointment of Dave Sauvarin as the firm’s new Jersey office managing director. He is a veteran of the firm, having worked there for a decade and a half, and during his career he has accrued a broad range of experience in risk management and fund administration. Sauvarin previously led the [...]
