Drug giants give up on Alzheimer’s cure.
Budget brand Ibis revamps to take on Travelodge and Premier Inn.
Guardian News & Media’s (GNM’s) top commercial executive Adam Freeman is leaving the publisher after 10 years, as part of a shake-up that installs chief marketing officer David Pemsel as chief commercial officer.
Clear Channel has appointed Guardian News and Media (GNM) global commercial director Chris Pelekanou to the newly created role of commercial director.
IPC has appointed internal candidate Tara Hamilton-Whitaker to the position of digital director of IPC Connect, responsible for driving the digital strategy for the publisher’s mass-market women’s titles.
The National Readership Survey (NRS) has recruited former Bauer Radio London commercial and operations director Alison Finch as director of client and insight.
BT has signed up BBC Formula 1 and football sports presenter Jake Humphrey to anchor its Premier League coverage, marking a coup for BT as it seeks to become a serious player in the pay-TV sports market.
Ricardo Clemente takes chief executive role at MediaCom Portugal.
Niku Banaie, chief innovation officer of Isobar, is leaving the agency network he has helped reposition for Aegis Media, after nearly four years.
Maria Miller brings in Joanna Hindley as special adviser.
BofA MERRILL LYNCH
After more than a decade at Merrill Lynch, veteran adviser Kevin Stophel decided to leave the Bank of America-owned brokerage, to set up his own independent wealth management firm in Chattanooga, Tennessee.
RAYMOND JAMES FINANCIAL INC
The company’s independent broker-dealer, Raymond James Financial Services, expanded its advisor force in Tennessee by hiring advisers Matt Lawson and William Winchester, who joined the firm from LPL Financial Holding Inc.
The German exchange operator said Chief Executive Reto Francioni will serve another term in the company, laying aside criticism of his role in Boerse’s failed $7 billion merger with NYSE Euronext.
STANDARD LIFE INVESTMENTS
The asset management firm appointed Mikhail Zverev as head of global equities. Zverev has been with the company since 2007 and has managed Standard Life Investments’ Global Equity Unconstrained Fund since July 2010.
INDUSTRY FUNDS MANAGEMENT
The investment manager appointed David Cooper as investment director, debt investments. Cooper joined IFM from Barclays Plc , where he worked as the head of the infrastructure & structured project finance team.
The asset manager and brokerage firm appointed Ghislaine Mattlinger as group chief financial officer. Mattlinger previously worked at Natixis as its CFO and a member of its executive committee.