Do you have irritating colleagues? They might be impairing collaboration December 21, 2016 Collaboration has always been crucial to efficient business. But more recently it has become a buzzword, bandied about by teams as the key to productivity and agility in a modern digital business. While true, to an extent, collaborative measures aren’t always easy for businesses to implement, and research we recently conducted reveals that it’s an [...]
City Moves for 21 December 2016 | Who’s switching jobs December 21, 2016 Al Rayan Bank (UK) Al Rayan Bank (UK) has appointed Venkat Chandrasekar as its new chief operations officer to oversee the bank’s frontline functions. An operations and technology leader with 17 years’ managerial experience in retail banking, he joins the Bank from Citibank where he held a number of senior positions over his 13-year tenure, most [...]
With changes to buy-to-let and a falling Lifetime allowance, 2016 was the year when venture capital trusts and other alternative investments went mainstream December 21, 2016 When life gives you lemons, make lemonade, so the saying goes. This blend of optimism and pragmatism has been vital during 2016. And those qualities continue to serve the financial services industry well, given the rule changes that are keeping product providers, financial advisers – and investors – on their toes. Take the recent adjustments [...]
Rejoice: Christmas is about to get much less manic for City parents December 21, 2016 For many mums and dads working in the City, the pressure gauge is now banging against the red zone. On the work side, Christmas brings client drinks parties, office shindigs, annual appraisals, bonus dramas, mystery Santas, week-long hangovers and projects with a “before Christmas” deadline. On the family side, December means nativity plays, parents’ evenings, last-minute Christmas [...]
BBC spends £815,000 on counselling staff for stress, bullying and harassment among other issues December 21, 2016 The BBC has spent nearly £815,000 since 2010 counselling staff for stress, bullying and harassment among other issues, City PM can exclusively reveal. The corporation’s bill for counselling staff for the 2016/2017 financial year increased to over £102,000 from the previous period during which it forked out nearly £94,500. The BBC came under fire last [...]
Regulation, regulation, regulation: What to expect in 2017 December 20, 2016 You don't need us to tell you it’s been a year for surprises. Referenda in the UK and Italy, coupled with the result of the US election, have created huge uncertainty and widespread anxiety among businesses. While we ponder what Brexit really means, one thing everyone wants on their New Year’s wish list is more [...]
Should investors bulk up on bulk commodities ready for a bumper 2017? December 20, 2016 Resources firms were among the biggest victims when animal spirits were at their worst. Could they be among the biggest gainers now that fund managers have a spring in their step? Too much overcapacity, sluggish growth, debt piles, reduced dividends… Yes we’ve heard it all before. But 2016 has been another transition year for the [...]
City Moves for 20 December 2016 | Who’s switching jobs December 20, 2016 Intermediate Capital Group Intermediate Capital Group (ICG), the specialist asset manager, has appointed Brian Marshall as managing director of business and product development for its US capital markets business. His responsibilities will include capital formation, developing and managing investor relationships, and contributing to the development of new products. Brian will interact extensively with ICG’s global [...]
It’s been a bumper year for stock markets – but how good was 2016 really? December 20, 2016 “Some investors have quipped that it took days for the markets to digest the UK referendum outcome, hours to come to terms with Donald Trump as President-Elect and minutes to assess Italian Prime Minister Matteo Renzi’s resignation,” Mark Haefele, global chief investment officer at UBS Wealth Management, told clients last week. It has been a [...]
Why you may be overcharged for underperforming actively managed funds December 19, 2016 Asset managers could be overcharging investors by £6.7bn a year for actively managed funds which underperform benchmark indices, according to a new study. Some £924bn is invested in actively managed funds in the UK, and 74.7 per cent of them perform worse than their respective benchmark indices, financial adviser Salisbury House Wealth has estimated. According [...]
