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Richard Branson buys Northern Rock for around £1bn, after taxpayer funded the bank’s £1.4bn bail-out at start of financial crisis.

Guardian News & Media (GNM), publisher of the Guardian and the Observer newspaper, is parting company with two key executives, including executive board member Colin Hughes, whose B2B division is to be restructured

 

CRÉDIT AGRICOLE SUISSE

The subsidiary of Crédit Agricole CIB named Serge Janowski as Chief Executive of its Hong Kong branch on Wednesday.

NOMURA HOLDINGS

Nomura Holdings’ head of India investment banking, Nipun Goel, and two other senior investment bankers have quit as part of the Japanese bank’s plan to save costs, two sources with direct knowledge of the situation said on Thursday.

SWISS LIFE HOLDING AG

The Switzerland-based provider of life insurance and pension solutions and services named Markus Leibundgut new CFO Switzerland.

THREADNEEDLE

Asset manager Threadneedle Investments named Yoshihisa Kojima as its sales director in Japan.

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