UK could slip back into recession, admits Business Secretary Vince Cable. Britain’s faltering economy could slip back into recession but government action to boost growth is likely to help the country avoid another downturn, Business Secretary Vince Cable said on Wednesday.
Penny Herriman, the former chief executive of WCRS&Co, is joining Isobar UK as its chief executive.
Global private equity fund Blackstone Group LP said it has hired Paul Costello, former general manager of Australia’s Future Fund, as non-executive chairman for Australia and New Zealand.
BNY Mellon has appointed Justin Miller as senior wealth strategist for investment management.
COLONY BANKCORP INC
Chief Executive Al Ross resigned on Oct. 18 and James Minix will replace him, Colony Bankcorp Inc said in a regulatory filing.
FIRST INTERSTATE BANCSYSTEM INC
First Interstate Bancsystem Inc appointed Edward Garding as president and CEO. He replaces Lyle R. Knight, who is retiring on April 1, 2012.
PIPER JAFFRAY COMPANIES
Thomas Schnettler will relinquish his role as company’s president and COO effective Jan. 1, 2012, Piper Jaffray Companies said in an SEC filing.
PRUDENTIAL MORTGAGE CAPITAL COMPANY
Prudential Mortgage Capital Company hired Michael Mcroberts to head Fannie Mae and Freddie Mac lending businesses.
The private investment banking firm appointed David Walker as managing director in its investment banking division. Previously, Walker was managing director of investment banking for Central and Eastern Europe, the Middle East and Africa at Citibank.
METRO BANK PLC
The UK-based high-street lender hired Kirsty MacArthur as head of private banking, effective Oct. 31. MacArthur joins Metro Bank from Heartwood Wealth Management where she worked for two years as a divisional director.
ARGONAUT CAPITAL PARTNERS
The European equity boutique appointed Greg Bennett to the investment team. Bennett joins from Marlborough Fund Managers Ltd and previously served as a founding member of Neptune Investment Management in 2002.