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Breaking News

Desmond sells OK! Magazine in US to Playboy’s American Media. Richard Desmond has offloaded the US edition of OK! Magazine to the National Enquirer publisher and manager of Playboy, American Media.

MediaCom has made three new appointments to its board, including Starcom’s Louise Peacocke, aimed at strengthening its new business, digital and planning offerings.

Louise Peacocke, formerly digital director for P&G at Starcom, has been appointed digital director, with specific responsibility for the Sky account, and to drive overall planning strategies for the agency’s clients.

Katie Grosvenor, associate global marketing director, has been appointed marketing director, replacing Nigel Robinson who has moved to MediaCom’s international team to head up the Shell account globally.

MediaCom is also welcoming back Andrew Lloyd, who is rejoining the company as a business director after six years at OMD UK, where he was business director for McDonald’s.

COI axed but government departments get to keep their marketers. The Government has approved the closure of the 65-year-old COI but has rejected a plan to centralise marketing across Whitehall, as laid out by a Cabinet Office report earlier this year.

BARCLAYS CAPITAL

The investment banking division of Barclays Bank Plc named Mike Di Iorio as head of equities, Asia Pacific, based in Hong Kong. Di Iorio has been head of equities trading for the Asia Pacific region since joining in August 2010.

JEFFERIES

The securities and investment banking firm appointed Michael Prew as managing director and senior analyst, and Robbie Duncan as senior vice president at its UK real estate equity research team. Prew and Duncan both join from Nomura.

RENAISSANCE CAPITAL

The investment bank appointed Igor Chemolosov as director, head of option sales. Chemolosov joins from VTB Capital.

BARING ASSET MANAGEMENT

The investment management firm, a part of the Massachusetts Mutual Financial Group, appointed Clive Burstow at its global energy and materials team as director and resources investment manager. Burstow returns to Barings from Blackrock.

AXA INVESTMENT MANAGERS

The investment management unit of AXA Group appointed James Gledhill as global head of high yield and deputy head of credit within its global fixed income team. Gledhill, who was most recently at Henderson Global Investors in London, will take over from Hannah Strasser.

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