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News of the World to close, ending 168-year history.
News International will close the News of the World after this weekend’s issue, bringing its 168-year history to an end.

Augusto Sola, the Fallon creative partner, is leaving the agency, sparking a rejig of its senior creative line-up.
Sola is leaving Fallon to reside permanently in Buenos Aires and work as a creative consultant. His fellow creative partner, Santiago Lucero, will take on his duties, including responsibility for Fallon’s recently launched “creative lab” in Buenos Aires.
In addition, Fallon has added the creative directors Chris Bovill, John Allison, Sam Oliver and Shish Patel to its management board.

John V Willshire, the chief innovation officer at PHD, is leaving the agency to launch his own consultancy.
Called Smithery, the business will look to work with clients on brand and service innovation, community initiatives, crowdsourcing projects and marketing and media strategy.

TV is hoping to maximise commercial returns from its programme brands with the appointment of Paul Kanareck – currently the head of ventures at the producer of the The X Factor, FremantleMedia – to the new role of director of brands.

Audi has hired former Vodafone and LG marketer Dominic Chambers as its new UK head of marketing. Chambers, who left LG in at the end of last year, replaces Peter Duffy, who left the German automotive manufacturer in January to join easyJet as marketing director.

CITI PRIVATE BANK

Citigroup Inc , replenishing private banker ranks thinned by the financial crisis, on Thursday said it recruited Northern Trust financial adviser Perry Brown in Palm Beach, Florida.

Brown joins after 12 years at Northern Trust, where most recently he served as a managing director in the Chicago bank’s wealth advisory division in Palm Beach.

HSBC GLOBAL ASSET MANAGEMENT INC

The asset management unit of HSBC Group appointed Deborah Hazell as regional head of HSBC Global Asset Management, North America. Hazell joins HSBC from Fischer Francis Trees & Watts where she served as Chief Executive Officer.

MORGAN STANLEY PRIVATE WEALTH MANAGEMENT

Morgan Stanley’s wealth management arm for the super-rich hired a former Merrill Lynch private banking executive, Devon Baranski, to lead its U.S. Southwest region, according to an internal memo obtained by Reuters.

Baranski joins Morgan Stanley Private Wealth Management from Leerink Swann LLC, an investment bank specializing in healthcare companies, where he had been its wealth management head.

Carlyle Group

Private equity firm named Mary Petrovich, former chief executive officer of its former portfolio company AxleTech, as senior adviser to its industrial and transportation group.

IGNIS ASSET MANAGEMENT

Mark Holden will join Ignis, the asset management business of the Phoenix Group , from Vestra Wealth to manage the Ignis UK Focus Fund.

Ralph Brook-Fox, the current manager of the UK Focus Fund, will move within the team to run the Ignis Balanced Growth Fund with immediate effect.

BEGBIES TRAYNOR GROUP PLC

Mark Fry has been appointed to the British restructuring specialist’s board as head of insolvency and restructuring. Fry joined the group in August 2005 as a partner.

RAND MERCHANT BANK

The investment banking arm of FirstRand Bank Ltd named Judith Mosely business development director for the resources sector.

STANDARD CHARTERED

Ashutosh Kumar joined as global head of corporate cash and trade product management, based in Singapore. He was previously the bank’s global head of local corporate (LC) products & receivables management.

ROTHSCHILD

Stephen Llewellyn joins the group as a managing director in the financing advisory business in London. Prior to this, Llewellyn was a managing director at Royal bank of Scotland in its high-yield group.

RENAISSANCE CAPITAL

The emerging markets investment bank appointed Ed Mason as head of Asia equity product group (EPG). Mason, who joined Renaissance Capital in 2010, was head of international sales, Hong Kong.

BNP PARIBAS CORPORATE & INVESTMENT BANKING

Martin Egan has been promoted as Head of Fixed Income, UK. Egan joined BNP Paribas in 2001 as Global Head of Debt Syndicate and was later promoted as Global Head of Primary Markets and Securitisation.

STREET CORPORATION

The provider of financial services to institutional investors said Ben Mooney has rejoined Street as vice president and transition manager for Europe, Middle East and Africa(EMEA). Mooney rejoins Street from Wellington Management International, where he was director and client operations manager.

KLEINWORT BENSON

The British private equity bank has appointed two senior private bankers — Jeremy Brown and Stephen Campbell will join the firm from Schroders. Previously, Brown was head of Schroders’ core advisory management business in London.

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