46 Jobs | 974661 Resumes

Monthly Archives: March 2013

Friday financial focus

Friday Headlines: • Global: OECD predicts stronger growth this year • Cyprus: Orderly queues as banks reopen • China: ‘Renewed reform momentum’ needed • China & Brazil: Currency-swap deal agreed • USA: Economy grows faster than expected in Q4 2012 • Russia: Rates likely to be held as inflation tops growth worry • Markets: S&P 500 closes at record high, Nikkei also rising • Currencies: Yen extends losses, sterling at 4-year low against USD • Energy: Oil rises to cap longest rally this year • Commodities: Gold set for worst quarterly run since 2001 • Focus on: Fund manager sentiment more positive on banks Global: OECD predicts stronger growth this year. The world's major economies will see stronger growth this year, but Europe's recovery will continue to be slow, the OECD has said. The OECD predicted stronger growth in the US, Japan and Germany. But it said concerns remained over the recovery of the wider Eurozone. It said governments would need to keep special measures…

Read More

Breaking news

David Miliband confirms his shock resignation as an MP. Cyprus banks reopen. Pistorius allowed to leave South Africa. Twitter ad revenues to hit $1bn next year. ALLIANZ SE Allianz Global Investors, the company's asset management business, appointed Arun Ratra as its new head of Global Solutions. Ratra joins from Gulf Investment Corp, Kuwait, where he was the head of Global Market Group. GAZPROMBANK The Russian bank appointed Aylin Suntay as the head of Gazprombank Asset Management, with effect from March 25. She will hold the position of first vice president. BANK OF NEW YORK MELLON CORP The wealth management business of BNY Mellon on Monday appointed McBee Butcher Jr. as senior portfolio officer in the wealth manager's Philadelphia office. Butcher was previously employed with McCabe Capital Managers Ltd as senior portfolio manager. AON PLC Aon Risk Solutions, the global risk management business of Aon Plc, promoted Matthew Schneider as chief operating officer for the Greater New York region.

Read More

Breaking news

Amanda Knox to face retrial for Meredith Kercher murder. Chinese fishmonger discovers live bomb inside squid. Boris Berezovsky postmortem identifies hanging as cause of death. All Cyprus banks will stay shuttered until Thursday to ensure "the smooth functioning of the whole banking system". Blockbuster jobs and brand saved after sale to restructuring specialist. Publicis Chemistry hires Kevin Allen to lead planning. Bob Mullings to leave Channel 4. Nestle in Kit Kat product recall scare. BLACKROCK INC The fund management group said Mark Lyttleton, managing director on the UK equity team that manages over 21 billion pounds ($32 billion), will leave at the end of April. Nick Little, currently a director on the UK equity team, will take control of Lyttleton's UK Dynamic fund, which will be merged into the BlackRock UK fund. Nigel Ridge, a managing director at the firm, will manage the UK Absolute Alpha fund with existing co-manager Nick Osborne The world's largest money manager also hired Andy Stewart, head of one of…

Read More

Monday financial focus

Monday Headlines: Cyprus agrees €10bn bailout deal Laiki bank will close, Bank of Cyprus restructured US consumer spending may have risen most in five months US Senate adopt first budget in four years UK closer to losing AAA rating Asian stocks rise as Cyprus debt solution surfaces European markets set to bounce back today Euro advances and USD falls as Cyprus bailout approved WTI oil continues to rise Gold rises as the dollar falls – Industrial metals gain News: Cyprus reached an eleventh-hour €10bn bailout deal with international lenders early this morning that avoids a controversial levy on bank accounts but will force large losses on big deposits in the island’s two largest lenders. The deal will allow the ECB to keep its emergency lifeline open to Cypriot banks, preventing a meltdown of the financial sector that threatened the country’s euro membership. It was reached after a stormy meeting of 17 EU finance ministers that lasted almost 12 hours, and included a threat by the…

Read More

Breaking news

No evidence Boris Berezovsky was killed, say police. Cold weather and snow continue to disrupt power and transport across UK. Cyprus in last minute bailout deal. Jobless immigrants from Europe could lose benefits after six months, says David Cameron. Mobile spending to double. MORGAN STANLEY The most senior managing director at Morgan Stanley's Asia infrastructure fund has left, a spokesman at the bank said, declining to comment further. Hong Kong-based Deven Karnik headed Morgan Stanley Infrastructure Partners' (MSIP) investments in Australia and other developed countries. E*TRADE FINANCIAL CORP The bank and discount brokerage company said Citadel LLC founder Kenneth Griffin, its one-time rescuer, would not seek reelection to the E*Trade's board. SBERBANK GROUP Sberbank CIB, the corporate and investment banking unit of the Sberbank Group, has appointed Steven Weller as head of FX trading, managing director. Weller will be based in Moscow. DEUTSCHE ASSET AND WEALTH MANAGEMENT The asset management arm of Deutsche Bank AG said it appointed Venkatesh Narasiah as chief operating officer for Asia Pacific.   PRAMERICA…

Read More

Breaking news

Nick Clegg to announce tough new visas. We're foiling 7/7-size plot every year, says counter-terror chief. West Ham to be given keys to Olympic stadium. Cold March may lead to a gas shortage. Pippa Middleton parts from agent after just one book. H&M signs Beyoncé for beachwear TV campaign. Google hires Graham Bednash to lead consumer marketing in EMEA. Channel 4's Carl Read joins OMD UK as head of digital. Ogilvy & Mather hires Cheryl Giovannoni as UK CEO. COMMERZBANK AG Commerzbank has hired former Citigroup banker Jens Voss as Global Head of Equity Capital Markets, Germany's second largest lender said on Thursday. Voss replaces Ute Gerbaulet, who earlier this year left the bank to join German privately held Bankhaus Lampe. BANK OF AMERICA MERRILL LYNCH Two senior members of the bank's Houston commodity team resigned, two industry sources said on Wednesday. Will Harris, who headed up corporate sales in the Americas and was a managing director in its commodity division, left this week. Marcelo…

Read More

Friday financial focus

Friday Headlines: • Cyprus: President readies plan B in bid to secure bailout • USA: Budget wars thaw to avert government shutdown • UK: £2.9m public finances boost in February • Eurozone: Dip deepens as US & China expand • Markets: Global markets report • Currencies: Euro trades lower as ECB issues Cyprus deadline • Energy: Oil falls as German manufacturing contracts • Commodities: Gold seen extending rebound • Focus on: Phone-call notes that reveal alarm over Cyprus Cyprus: President readies plan B in bid to secure bailout The President of Cyprus is today expected to present a so-called “Plan B” to avoid a financial meltdown after the island rejected the terms of an EU bailout. Proposals expected to be included are potentially nationalising pension funds and the issuance of an emergency bond based on future gas revenues, trying to raise €5.8bn (£4.9bn) as a condition for securing a €10bn bailout from the European Union. Officials are believed to have also spoken of reviving the…

Read More

Breaking news

Osbourne pins hopes on housing boom to stimulate economy. Nasa's advice on asteroid heading to earth: pray. Author, James Herbert, dies aged 69. Sugar not fat to blame for obesity. Barclay bosses's £40m bonus pot announced on Budget day. UK telecoms giants ask regulators not to 'f-up' mobile marketing growth. UK considers 'three-person' embryos. Mac Macdonald to lead Sid Lee's Amsterdam office. Marcus Rich joins line-up for PPA's Publishing+ conference. Connect hires Alastair Duncan to open London office. BANK OF AMERICA MERRILL LYNCH The company named Mary Ann Bartels as chief investment officer of portfolio strategies of its global wealth and investment management group. She has been with Merrill Lynch for 17 years, most recently as head of technical and market analysis in Bank of America Corp's global markets research division. SWISS & GLOBAL ASSET MANAGEMENT The firm appointed David Shanks as associate director, discretionary sales, to support growth of its offering for UK discretionary wealth management sector. Shanks joins from BNY Mellon and will…

Read More

Budget summary

Business Corporation tax will be by cut in 2015 to 20% (this is a 1% cut) New employment allowance which will take the first £2,000 off employer National Insurance bills for every company in the country. Tax/Families The limit at which start paying tax is going to be raised in 2014 to £10,000 20% tax relief on childcare vouchers up to £6,000 per child from 2015 September's fuel duty rise scrapped, worth 13p per litre Annual above-inflation rise in beer duty to be scrapped. With beer duty to be cut by 1% later this month. All other alcohol duties to rise by 2% above inflation The Elderly As previously announced confirmation that single flat-rate pension of £144 a week will be introduced in 2016 The Economy Growth forecast for 2013 cut to 0,6%, which is down from the 1.2% previously forecast in Dec, with Office for Budget Responsibility has predicting that UK will not fall into recession this year. Looking beyond 2013 growth is predicted…

Read More

Breaking news

Hackers paralyse South Korean banks and broadcasters. Nasa finds more signs of water on Mars. Ministers don't want mothers to stay at home – they want them to work. BBC Worldwide sells Lonely Planet at a £80m loss. The Washington Post to launch a metered paywall this summer. BOOST ETP LLP The exchange traded products provider named Viktor Nossek as head of research with immediate effect. PINEBRIDGE INVESTMENTS The asset management firm appointed Kyeung-Won Min as representative director and head of institutional sales in South Korea, with immediate effect. MACQUARIE SECURITIES The institutional equities arm of Macquarie Group named David Konrad as US head of banks coverage team. Konrad joins from Keefe, Bruyette & Woods, where he was the Large CapBank Research for the past five years.

Read More

©2020 ExecutiveSurf | +44 2077291837 | Registered in England no. 1111 7389 - VAT. GB 291 0514 23