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Breaking News

Brooks bailed as Stephenson and Hinton quit. Rebekah Brooks, the former News International chief executive who resigned on Friday, was released on police bail late last night after being arrested and questioned over the phone hacking scandal engulfing the media company.

Bell Pottinger chairman David Wilson has been appointed by Rebekah Brooks’ lawyers following her resignation as News International chief executive and subsequent arrest.

Wilson has been appointed as Brooks’ official spokesman and will handle press enquires around the ongoing investigation into the phone hacking at the News of the World.

Marks & Spencer has dropped former ‘X Factor’ judge Dannii Minogue, singer VV Brown and model Ana Beatriz Barros from its ads, as part of a realignment of its marketing strategy.

AFFINITY EQUITY PARTNERS

Tay Tong Poh, former head of investment banking at Singapore’s United Overseas Bank , has joined private equity firm Affinity Equity Partners as the head of portfolio management, according to an email memo seen by Reuters.

HSBC

HSBC Europe’s biggest lender has appointed a new head of its private banking arm to replace Chris Meares, who is retiring at the end of the year.

Krishna Patel, who currently runs HSBC Africa takes up the role of Chief Executive of global private banking in September while Meares, who moved from London to Hong Kong last year, will focus on Asian private banking business until he retires in Dec.

NEWS INTERNATIONAL

Rebekah Brooks, Rupert Murdoch’s most senior newspaper executive in Britain, has resigned as chief executive of News International, the British subsidiary of News Corp .

Ex-Sky Italia head Tom Mockridge will replace Brooks, who has been under intense pressure to stand down over a phone hacking scandal that has rocked Murdoch’s media empire.

COMMERZBANK CORPORATES & MARKETS

Commerzbank Corporates, the corporate and investment banking segment of Commerzbank AG , hired Max Jacob to build its Bonds Solutions team.

As head of DCM Bonds Solutions, Jacob will be reporting to Ulrich Hoeck, head of DCM Bonds. He will focus on developing new financing solutions to a wide range of clients.

RBS

The company said Alison Davis, Tony Di Iorio and Sheila Noakes have been appointed as non-executive directors.

ORASCOM DEVELOPMENT

Real estate and hotels firm Orascom Development has appointed Gerhard Niesslein as its new chief executive, the Swiss-listed firm said.

Nigel Phillips

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