Tesco’s chief executive Philip Clarke has closed its second-hand online car business after a year of trading to concentrate on the retailer’s core business.
James Murdoch is set to stand down from his position as chairman of BSkyB following a year in which he failed to fully acquire the broadcaster for News Corporation amid revelations of phone hacking at one of its newspapers.
Bupa’s global brand director, Fiona McAnena, has left the healthcare company to start a consultancy business.
JP MORGAN
JP Morgan’s Ian Hannam, one of its most senior London-based bankers, has decided to resign after being fined by Britain’s financial watchdog for market abuse, according to an internal memo the bank sent to staff.
CITIGROUP
The third-largest U.S. bank appointed Rohan Weerasinghe as general counsel. Michael Helfer, who has been general counsel and corporate secretary for nine years, will become vice chairman. Both appointments will be effective June 1.
CREDIT SUISSE
The Swiss lender named Tim Perry the new head of oil and natural gas for the Americas, which he adds to his current role as head of Credit Suisse’s Houston office. Ray Wood was named head of power and renewables for the Americas in addition to his current position as global head of renewables, according to a memo the bank sent out to its staff on Monday.
ABN AMRO
The nationalized Dutch bank appointed Daniel Teo as country chief operating officer, Singapore and chief operating officer, private banking, Asia. Teo joins from Bank of Singapore.
NYSE EURONEXT
The chairman of NYSE Euronext’s futures unit Liffe, Hugh Freedberg, will step down next month and Liffe director Alan Whiting will replace him.
The exchange operator also named Peter Leukert as global chief information officer.
BLACKROCK INC
The world’s biggest money manager said seven emerging market specialists will be joining the company from BNP Paribas Investment Partners to form a new emerging markets debt team. The new team will be based in London.
AUSTRALIA AND NEW ZEALAND BANKING GROUP
The bank said it has appointed Peter Davis as CEO Japan, effective May 1. Davis is head of utilities and infrastructure at ANZ.
CAMBRIA AFRICA PLC
The investment company appointed Tania Sanders as its chief financial officer and director.
TATA SONS
Madhu Kannan, the youngest CEO of Asia’s oldest bourse, is leaving Bombay Stock Exchange operator BSE Ltd to join Tata Sons, which controls India’s largest corporate house, where he will be group head of business development.
PERMAL GROUP
Permal Group appointed Richard Cordsen as executive vice president of business development and investment advisory. Cordsen joins from Woodbine Capital Advisors.
RATHBONE INVESTMENT MANAGEMENT
The company appointed James Neill as investment director based in London. Neill joins from Newton Investment Management.
DYNASTY FINANCIAL PARTNERS
The wealth management start-up that has grown over the past year by attracting brokers from big Wall Street firms, added a veteran former Smith Barney manager, Jerry Eberhardt, to its board of directors.
BERRY ASSET MANAGEMENT PLC
The wealth management company appointed Paul Cadman as director of IFA sales. Cadman joins from Quilter.
DLA PIPER
The law firm said John Altorelli, Alexander Fraser, Patrick Costello and Gerald Francese have joined the firm’s Corporate and Finance practice as partners in New York. They join from Dewey & LeBoeuf.
