Costa Coffee has overtaken McDonald’s as the nation’s third-biggest food and drink chain based on number of branches, according to the Whitbread-owned chain. Number one is Greggs, followed by Subway.
Virgin Group has appointed Ian Rowden, the chairman and chief executive of Saatchi & Saatchi Asia Pacific and a former Coca-Cola global CMO, as chief marketing officer.
News International has unveiled a new marketing structure for The Times, Sunday Times and The Sun newspapers, comprised of three core disciplines designed to make it “more innovative” and “better able to respond to changing customer needs”.
Marks & Spencer is launching a TV campaign for its autumn/winter womenswear range, directed by Ridley Scott’s daughter, Jordon Scott.
Tremor Video, the video ad network, has appointed Yahoo agency group head Alex Macnamara as sales director.
Morrisons has appointed Simon Thompson, one of Apple’s former top European marketers, to head up its online business, as the supermarket reports an 8.9% increase in pre-tax profits for the first half of the year.
Simon Crisp, the chief executive of WPP out-of-home agency Kinetic in Europe, the Middle East and Africa (EMEA) has resigned from his role at the specialist to pursue his own business venture.
The private equity firm appointed James Westra as Managing Director and Chief Legal Officer, effective Oct. 3, 2011. Previously, Westra was a partner, member of the management committee and co-head of the private equity practice group at Weil, Gotshal & Manges LLP.
FORWARD MANAGEMENT LLC
The private equity firm appointed Jason Clarke as a Vice President of sales and Eileen McCarthy as a senior product marketing manager. Previously, Clarke served as a vice president in the wealth management division at Merrill Lynch and McCarthy was Director of marketing communications at Mellon Capital Management in San Francisco.
BANK OF AMERICA
The bank, which has lost almost half of its market value this year, announced a broad reorganization on Tuesday. Chief Executive Brian Moynihan appointed David Darnell and Tom Montag to the newly-created positions of co-chief operating officers, accountable for all of the company’s operating units.
The healthcare investment bank appointed Bill Suddath as the managing director of its investment banking team. Prior to this, Suddath was head of healthcare services investment banking at Robert W. Baird & Co.
STANDARD BANK GROUP
The bank hired Michael Starke as a research analyst for its mining and metals team. Starke formerly worked with the consultancy firm ERM, where he was part of the London-based M&A team.
The specialty currency investment manager appointed Chris Adair as the head of Americas for consultant relations and sales. Adair previously served as a fixed income manager at Ryan Labs Asset Management Inc.
COMPASS POINT RESEARCH AND TRADING LLC
The firm hired Burke Hayes as managing director and head of investment banking. Hayes was previously with the investment banking group of FBR Capital Markets Corporation for 10 years.
TOWERS WATSON AND CO
The firm appointed Peter Lewis as head of its U.S. real estate investment research team. Lewis joins from Liberty Mutual Group where he was a senior investment officer for real estate.
The real estate investment firm appointed Jonathan Geanakos to a new position as executive vice president in its New York office. Geanakos was formerly managing director for the New York office of Houlihan Lokey.
The multi-asset brokerage appointed Françoise Guillaume as chief operating officer and deputy chief executive. Guillaume joins from Société Générale where she worked for 20 years, most recently serving as finance chief.
MIRAE ASSET GLOBAL INVESTMENTS
The firm named Joon Kwun as president and chief executive. Prior to this, Kwun worked as head of Korean equities and co-country head for the Seoul office of Goldman Sachs.