News

News

Barclays said to move more Singapore staff in suburb to city

Posted by Anton Murray Consulting on . Posted in News

Sanat Vallikappen

Barclays Plc (BARC) the U.K.’s second-largest bank by assets, is moving more employees to an office in Singapore’s central business district from the suburbs to cut costs, said people familiar with the matter.

Barclays will terminate its lease on about 15,500 square feet (1,440 square meters) of office space at a building in Tampines, an eastern suburb, and relocate the employees to Marina Bay Financial Centre by July, said one of the people, who asked not to be named because the information is private. About 300 people who work in back-office roles will be affected, the person said. Barclays declined to comment in an e-mailed response.

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Pantheon eyes gap in private equity market left by Macquarie

Posted by Anton Murray Consulting on . Posted in News

Sally Rose

Global private equity fund of funds group Pantheon says Macquarie Group’s decision to sell its fund of funds business should help Pantheon expand its operations in Australia.

Macquarie Investment Management Private Markets was the only player in the private equity fund of funds game with an Australian base. Macquarie sold the business last week to its top managers including Michael Lukin, Andrew ­Savage and Shaw Ng. The new owners plan to rename the business ROC Equity Partners.

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Don’t get carried away by Macquarie, analysts say

Posted by Anton Murray Consulting on . Posted in News

Sarah Thompson, Anthony MacDonald and Gretchen Friemann

Investment bankers across the market love keeping an eye on Macquarie Group as an indicator of sentiment across the industry.

Monday’s earnings update saw Macquarie shares jump 2.9 per cent, after Macquarie lifted profit expectations towards above consensus estimates of $1.19 billion.

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Australian jobs set to go at AMP

Posted by Anton Murray Consulting on . Posted in News

Sally Patten

AMP is considering plans to send back office jobs offshore as part of its efforts to reduce costs.

The country’s largest wealth manager said it was too early to say how many jobs would be axed in Australia as a result of the plan to shift back office roles to a new centre in India.

AMP has appointed Tata Consultancy Services as its new administration business processing partner.

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JPMorgan deal propels Mercuria to elite commodity club

Posted by Anton Murray Consulting on . Posted in News

Dmitry Zhdannikov and David Sheppard

The big three just became the big four.

Mercuria’s purchase of JPMorgan’s physical commodities business marks the culmination of a 10-year journey for Swiss traders Marco Dunand and Daniel Jaeggi, two men who transformed a small trading house into an operation to rival the biggest in the natural resources business.

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Towers Watson expands Australian investment team

Posted by Anton Murray Consulting on . Posted in News

Staff Reporter

Towers Watson has appointed two investment consultants and one investment analyst as part of its Australian investment team.

Felicity Walsh joins the Sydney office as an investment consultant after working as a senior actuarial consultant with Towers Watson in the UK. Alex Misev has re-joined Towers Watson following a year at Aberdeen Asset Management as a portfolio manager in the Netherlands.

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