Senior G4S executives resign over Olympics security failure.
But board decides chief executive Nick Buckles should keep his job in ‘best interest of company and all its stakeholders’.
France announces austerity budget as Spain awaits bank stress test results.
Samsung has signed a deal with ITV’s The X Factor that will see its mobile and tablet devices become the first paid-for placements on the show.
Michael Sugden elevated to CEO in VCCP revamp.
Lloyd Evans replaces Teeman as PPA Marketing chairman.
Vodafone Group has appointed former Mini marketer Barbara Haase as its group brand director, replacing Clare Sheikh who is leaving the company.
EUROPEAN FINANCIAL STABILITY FACILITY
The organization that provides temporary financial assistance to euro area member states, said it has appointed Wolfgang Proissl as head of communication effective Oct. 1.
Proissl previously worked for the Financial Times Deutschland where he was chief correspondent in Frankfurt reporting on monetary policy, international finance and the financial crisis.
UBS hired Jasper Tans as a managing director to run its Scandinavia, Benelux and financials sector equity capital markets (ECM) business, according to an internal memo seen by Reuters.
GLEACHER & COMPANY SECURITIES INC
The broker-dealer unit of Gleacher & Company Inc named Mark Ginsberg and Felix Partow as managing directors of the MBS and rates division.
The company also named William Gaberlavage and Jeffrey Warren as managing directors of the credit products division.
OVS CAPITAL LLP
The investment manager said Robert Moore will join its treasury and finance division.
The firm also named Yvonne Daffy as fund accountant. Daffy previously worked at Morgan Stanley.
TUDOR, PICKERING, HOLT & CO
The energy investment and merchant bank appointed John Lowe, a retired ConocoPhillips senior executive, as senior executive adviser.
The unit of Sberbank appointed Robert Hagon as co-head of equity sales trading, managing director.
He joins from Renaissance Capital, where he was head of the London-based emerging market sales trading team.
ZURICH INSURANCE GROUP LTD
The insurer named Keith Thomas as chief executive officer of Zurich’s global corporate business in the Asia-Pacific region, effective Oct. 1.
Most recently, Thomas was chief underwriting officer for casualty in Zurich.
The private bank appointed private client director Charles Fotheringham to head its Edinburgh office.
London & Capital
Independent wealth manager London & Capital appointed Mark Estcourt as executive director to head a new division – ‘immigration investment and wealth management’.
Estcourt joins from the London-based wealth manager, Merchant Cavendish Young, where he was managing director.