Isis video threatens lives of two Japanese hostages. The Sun ends topless Page 3 models. IMF cuts global growth forecasts. Coronation Street's Anne Kirkbride dies. Employers sifting through applications likened to swiping through Tinder as research shows people spend 8.8 seconds looking at a CV. CLEARARC CAPITAL INC The institutional investment strategies firm appointed David Withrow to the new role of deputy chief investment officer. Withrow, who will continue as director of taxable fixed income, joined ClearArc in 2001. OAKTREE CAPITAL GROUP Larry Keele, co-founder of Oaktree, which manages about $8.6 billion in convertible securities across U.S., non-U.S. and high-yield convertibles, is retiring at the end of June, according to a memo sent to clients this week. Larry Keele leads the firm's $5 billion U.S. convertible securities portfolio. INCAPITAL The leading underwriter and distributor of fixed income, equity and equity hybrid securities said Laura Elliott rejoined the firm as a managing director. In her new role, Elliott will be responsible for spearheading the firm's efforts…
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Everyone has the same number of hours in a day. So it means that we all have the same time each day that Einstein, Marie Curie and Michelangelo had. That is undeniably a truism, but actually has very little relevance to daily life. Those who can afford a live-in chef, effectively have more time than someone who cannot. If you’re one of the few who can thrive on five hours’ sleep a night, good for you; contrary to received wisdom and science, there really are ways to create more time. A deeper point expressed by an entrepreneur and programmer called Patrick McKenzie, who says we should think about time in terms of assets and debts, like money. Some ways of using it create more later, just as you make money by stashing your savings in a high-interest account (which really used to exist.) Contrastingly, other ways will cost more time in future, the equivalent of harsh credit-card debt. McKenzie’s own field, computer programming, is full…
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1% has half of global wealth - Oxfam. Boko Haram kidnap 80 in Cameroon. Severe weather action warning issued. May pledges to tackle antisemitism. 'Full employment': Cameron promises job for every adult who wants one. Divided UK: for every 12 jobs being created in the South, one is lost in the North. Iran closes newspaper for printing picture of George Clooney. CLEARARC CAPITAL INC The institutional investment strategies firm appointed David Withrow to the new role of deputy chief investment officer. Withrow, who will continue as director of taxable fixed income, joined ClearArc in 2001. OAKTREE CAPITAL GROUP Larry Keele, co-founder of Oaktree, which manages about $8.6 billion in convertible securities across U.S., non-U.S. and high-yield convertibles, is retiring at the end of June, according to a memo sent to clients this week. Larry Keele leads the firm's $5 billion U.S. convertible securities portfolio. INCAPITAL The leading underwriter and distributor of fixed income, equity and equity hybrid securities said Laura Elliott rejoined the firm as…
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Jewish schools closed in Belgium after deadly raid. China arrests 60,000 in drug raids. Queues form in the UK for first issue of Charlie Hebdo since Paris attacks. Pope Francis: if you swear at Islam – or my mother – 'expect a punch'. Cold snap to continue until Monday, after Storm Rachel wreaks havoc across Britain. MORGAN STANLEY The Wall Street bank said it has promoted 151 employees to managing directors on Thursday, more than half of them in the institutional securities business. The new group of managing directors is 22 percent female, a spokesman said. Regionally, 61 percent of those promoted were based in the U.S., with 26 percent in Europe, the Middle East and Africa, and 13 percent in Asia. BUTLER CAPITAL PARTNERS The capital placement and advisory firm focused on alternative investment funds appointed Jeffrey Smith as managing director of capital placement and hedge fund origination. Smith will be responsible for alternative investment fund origination and capital raising for alternative…
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Satellite images reveal Boko Haram massacre in Nigeria. Gales cause travel chaos across UK. 'Free food for good-lookers' in China. 'It's time for a bloke waving a pint offering common sense solutions': Al Murray to stand against Farage in general election. Physical inactivity kills twice as many as obesity, new study claims. BARCLAYS PLC The bank appointed Gary S. Domoracki managing director and regional manager for wealth and investment management in Boston. RBC GLOBAL ASSET MANAGEMENT The asset management division of Royal Bank of Canada appointed John Donohue managing director and head of liquidity management. PEMBERTON ASSET MANAGEMENT HOLDINGS The asset manager said it had hired Jurgen Breuer to head its business in Germany, Austria and Switzerland. Breuer had previously led leverage and acquisition finance businesses at Dresdner Bank and WestLB in Germany. NBK CAPITAL The investment arm of National Bank of Kuwait said on Wednesday it hired Faisal al-Hamad as its new chief executive. The firm also said it would separate one…
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First Charlie Hebdo issue since attacks goes on sale. Pressure on Cameron over debates. Pope declares new saint in Sri Lanka. Snow and ice to hit Britain. Unhappy Monday for Bez: Musician forgets to register his party with Electoral Commission. Employees who work more than 55 hours a week more likely to consume 'risky' levels of alcohol. Party leaders demand Cameron joins debate - or face televised empty chair. JPMORGAN CHASE & CO JPMorgan has hired Cristiano Souza, a former Santander economist, to join the firm's emerging markets research team in Sao Paulo, according to an internal memo. Souza will report to Cassiana Fernandez, JP Morgan's chief economist for Brazil and cover economic and political developments in the world's seventh largest economy. Before joining the U.S. firm, Souza worked for six years in the economic research team of Banco Santander Brazil and held positions at ABN Amro and two macroeconomic consultancy firms. THE ROYAL BANK OF SCOTLAND GROUP PLC The bank appointed Veenay Chheda…
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LLOYDS BANK COMMERCIAL BANKING The bank has strengthened its loan markets team with four new appointments. Alaric Fountain-Barber and Alessandro Valenti have joined the leverage debt capital markets team, as director and associate director, respectively. Ab Shome is set to join the loan markets corporate real estate team in February as a director while Nadia Jalal has joined the corporate loan capital markets business as an associate from the global corporates relationship team. MORGAN STANLEY INVESTMENT MANAGEMENT Greg Finck joins Morgan Stanley Investment Management as a managing director with responsibilities of securitized asset research and portfolio management. Based in New York, he will report to Michael Kushma, chief investment officer for global fixed income. YOUNG AMERICA CAPITAL LLC The New York-based independent investment banking and advisory firm, has named Todd Slater as head of consumer investment banking and managing director. Slater has over 20 years of experience in consumer investment banking and sell-side capital markets including senior managing roles at Threadstone Advisors, Lazard Capital…
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Paris march shows a nation united against terror. Nigeria: two suspected child suicide bombers attack market. Funeral beer kills 56 in Mozambique. Prince Andrew: I have been foolish. Boko Haram is now a mini-Islamic State. Birmingham is a 'totally Muslim' city, says Fox News self-proclaimed 'terror expert'. 5,000 soldiers and police deployed to protect Jewish schools across France. JK Rowling condemns Rupert Murdoch over tweet blaming all Muslims for Charlie Hebdo deaths. Being separated from iPhones makes people stupid and anxious. CITIGROUP The bank has named Gonzalo Luchetti as its new head of retail banking for the Asia Pacific region, Citi said in an internal memo seen by Reuters on Friday. Luchetti, who will be based in Hong Kong, will continue as Citi's global head of wealth management and insurance for the consumer bank. UBS The bank has promoted Armin Peter, the head of its debt syndicate in Europe, the Middle East and Africa region, to take on the same role in a global capacity,…
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Reports of hostages taken and shots fired as hunt for terror suspects focuses on Paris warehouse. Al-Qaeda is plotting attack on Britain, head of MI5 warns. Sri Lanka in election shock. 110mph winds hit Scotland. Cameron: If Greens aren't in TV debates, I won't be either. Indian worker who failed to turn up to work for 25 years is finally sacked. Saudi Arabia urged to halt flogging of liberal blogger sentenced to 1,000 lashes. Schoolboy, 11, blamed for one in five crimes in market town. Tesco sells off Blinkbox for £5m and reports further losses in supermarket sales. KKR & CO LP KKR has hired Matt Salem and a team of debt experts from Rialto Capital Management with plans to start making real-estate debt investments for the first time since forming its property group in 2011, the Wall Street Journal reported, citing a person familiar with the matter. BANK OF NEW YORK MELLON CORP The bank's wealth management business has hired Yolande Escher to…
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