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30th of December 2010
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News Tag: appointment

November 15, 2010

CBI names John Cridland as new director general

by Kay Murchie
The Confederation of British Industry (CBI) has today confirmed John Cridland will take over the role as director general, when Richard Lambert steps down in January. Earlier this year, Mr Lambert said he would step down when his five-year term ends at the start of 2011. Mr Lambert has been with the lobby group since July 2006 when he replaced Sir ...

November 9, 2010

Lloyds wields the axe at its Black Horse division

by Kay Murchie
Banking giant Lloyds has today revealed it is shedding 420 positions at its Black Horse personal finance unit. This brings the total number of job losses to 22,000 since its merger with HBOS in autumn 2008, which resulted in 41% ownership by the taxpayer. Commenting on today’s announcement, the Unite union, said it was "appalled" at the job losses. The news ...

November 1, 2010

RBS hires bonus dealmaker

by Kay Murchie
The Royal Bank of Scotland (RBS), which is 84% owned by the taxpayer, is set to reignite its dispute over bonuses after hiring John McIntyre. Mr McIntyre, the former Lehman Brothers banker, is a renowned figure in the City after successfully suing his former employer, Dresdner Kleinwort, for a £2 million bonus. He will join RBS as head of corporate finance. However, it is ...

July 5, 2010

Martin Weale joins Monetary Policy Committee

by Kay Murchie
The Treasury has today announced Martin Weale will join the Bank of England's Monetary Policy Committee (MPC). Mr Weale will assume his position in time for next month’s rate-setting meeting and replaces Kate Barker after her term ended on 31 May. Consequently, the Bank’s June meeting only comprised eight members but it will resume to the traditional nine members next month. Mr Weale ...

April 15, 2010

Tony Hobman to be CEO of CFEB

by Kay Murchie
Tony Hobman has been appointed by the Financial Services Authority (FSA) to run the newly created Consumer Financial Education Body (CFEB). The CFEB is aimed at enhancing consumers' financial education and their ability to manage their finances. The newly-established CFEB comes at a time when the Government is concerned that a lack of financial knowledge means that consumers are not taking ...

April 14, 2010

Rob Devey appointed to lead Pru’s Asia integration

by Kay Murchie
Rob Devey appointed to lead Pru’s Asia integration
Prudential has today announced it has appointed Rob Devey to head up its integration of AIA, the Asian arm of US company American International Group (AIG), which it acquired in a deal worth $35.5 billion (£23.3 billion) last month. Pru, which is Britain’s second largest insurer, said the deal provided it with the opportunity to create South East Asia’s leading ...

January 5, 2010

HSBC’s Tim Howell to become CEO of Euroclear

by Kay Murchie
Euroclear, which is Europe’s largest settlements group, has today announced that Tim Howell will become the group’s chief executive officer. Forty-nine-year-old Howell is currently the Global Head of HSBC Securities Services, where he is responsible for the custody, fund administration and corporate trust businesses of the HSBC Group. He has been a member of the Euroclear board since 2007 and ...

October 28, 2009

New chief executive for UKFI

by Kay Murchie
The UK Financial Investments Ltd (UKFI), the body which was set up a year ago to oversee taxpayers’ interests in High Street banks, has announced it has a new chief executive. A senior investment banker at UBS, Robin Budenberg, is to replace John Kingman, who is set to join NM Rothschild. Mr Budenberg was heavily involved in the rescue plan for the UK banking ...

August 18, 2008

B&B underwriters left with 73% of shares after rights issue take-up

by Kay Murchie
Troubled buy-to-let lender, Bradford & Bingley (B&B;), has confirmed that 27.8% of its new shares, which were on offer at 55p each, have been taken up by investors. Consequently, underwriters, Citigroup and UBS will have to place the remaining 597 million new shares, worth £328.3 million, by Friday. Citigroup and UBS are being supported by four ...