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True Potential’s wealth business swings to a £243m loss after FCA review

Cinven-backed advice consolidator was forced to set aside £100m to refund clients who were transferred into non-advised investments

3 min read

ExodusPoint boosts macro team in Dubai, relocates portfolio managers from London

The hedge fund now has roughly 25 staff in its Dubai office

1 min read

Hedge Funds

PwC UK partner pay edges up as job cuts help boost profit

The Big Four accountancy firm has posted a rise in revenue and profit following ‘considered cost management’

2 min read

EY’s former UK chair heads to Warburg Pincus

Steve Varley has joined the private equity giant’s European industrials and business services group

1 min read

BlackRock adds host of UK names to global executive committee to bolster top talent

The fund giant has added several London-based executives to its highest ranks

2 min read

Asset ManagementBlackRock
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100 Most Influential Women in European Finance

Bilal Jafar

Bilal Jafar

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Evercore’s UK headcount jumps 11% as deal fees surge

The boutique investment bank has been expanding its European business

2 min read

EvercoreInvestment Banking

Competition lawyers back CMA’s pro-growth shift: ‘There’s been a pendulum swing’

Law firm partners say strong antitrust practices can help win fresh M&A mandates amid changing oversight

4 min read

Kirkland partner Trowbridge leaves for Baker McKenzie

Baker McKenzie boosts its tax team in London with Kirkland hire

1 min read

North Rock partner Hampus Lundh relocates to Dubai

Lundh joined North Rock earlier this year after working at Millennium for almost a decade

William Blair hires Nilsson to boost Nordic investment bank

The former Morgan Stanley banker is the first dealmaker on the ground for the mid-market firm

Jupiter hires former RLAM investment chief Piers Hillier

The appointment will lead to the departures of the asset manager’s equities and fixed income heads

Investec pushes investment bank into Switzerland with Capitalmind acquisition

The bank has increased its stake in a Swiss M&A boutique

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On the Move

On the Move

Former Worldpay boss Ron Kalifa: Why signs look good for UK fintech

Five years on, the author of a landmark review into the sector says London can still keep its fintech crown

3 min read

FCA consolidator review due within weeks as private equity deals put to the test

Buyouts in the wealth management sector are being put under the microscope by the regulator with a verdict due as soon as next month

5 min read

RegulationWealth managementFCA

Banca del Fucino corporate banking head Monti to lead new private credit unit

The former JPMorgan banker is moving to Italian private equity firm Nextalia

1 min read

Jain Global hires BlackRock’s Joseph Kansao as a portfolio manager

Kansao joins Bobby Jain’s hedge fund after spending more than nine years at the asset management giant

1 min read

Trading firm Tower Research cuts UK pay after revenue slump

The US firm’s UK arm has booked a 67% drop in net trading income

2 min read

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FN Law