Monthly Archive: June 2011
Paul Copley, a PwC restructuring partner who led the settlement for LBIE made a few comments recently on the recent news that Citigroup and PwC, the administrators of Lehman Brothers International (Europe) (in administration) (‘LBIE’), have reached a settlement on assets, currently valued at over $2.5bn, which had been held for LBIE by Citigroup’s custody businesses in a number of [...]
Originally brought about to enable collective investment schemes to operate more freely and consistently across EU borders, the latest iteration of the Undertakings for Collective Investment in Transferable Securities Directive, known as UCITS IV, is intended to improve both investor disclosures and the passporting of funds between countries. In addition to requirements for management companies and risk management functions, the biggest [...]
Ian Powell, PwC chairman and senior partner was recently awarded most-people focused CEO (private sector) at the HR Magazine Awards. Recognised for his down to earth approach and authenticity, Ian was recognized as a popular and inspirational leader. It was also noted he was a distinctive leader, and admired for his personal touch and approachability among staff, as well as his [...]
In a recent survey by the Great Places to Work Institute, Deloitte has been rated as the most credible company to work for in Australia. Deloitte was also ranked as one of Australia’s 50 best places to work for the third year in a row. Ranked at No. 26 with its 5,700 partners and staff, it was the only organisation with [...]
According to the report , Global Manufacturing Industry Group, 2011 Midyear outlook for the global aerospace and defense sector, it is anticipated that there will be an upswing in sales and production in commercial aircraft, principally due to the popularity of single-aisle aircrafts, for which rate increases have been announced.
With passenger and freight traffic expected to grow faster than global [...]
A new book authored by KPMG demographer, Bernard Salt, studies the demography, the culture and the consumer environment over the 2010s and beyond and outlines how Australia can add 180,000 migrants per year necessary to fill the gap as Australia’s baby boomers leave the workforce and deliver a sustainable future.
Some key findings of the book include:
Australians’ loss of [...]
A new report from KPMG International entitled, Evolving Investment Management Regulation – Meeting the Challenge, cautions investment managers to begin to manage the varied pace and levels of regulation worldwide with new business models that can make transform regulatory imperatives into incentives for competitive opportunity and constructive outcomes.
Problematic for the global investment management community are the diverse regulatory initiatives in [...]
Ernst & Young: Statutory Residence Test Will Determine Better Validity But May Find People Unprepared
The Budget 2011 revealed the UK Government would introduce a statutory residence test to remove obstacles to employers and individuals considering investment in the UK in order to simply matters for taxpayers.
Andrew Tailby-Faulkes, private client tax services partner at Ernst & Young commented:
Ernst & Young was recently named one of the UK’s top employers in the Great Place to Work 2011 Best Workplaces listing.
Subject to employee surveys and management questionnaires, the prestigious benchmark acknowledges the achievements of the top 50 workplaces in the UK. Companies were judged against a rigorous criterion and had to demonstrate they have established a culture of trust [...]
Retail info giant IRI has appointed John Freeland, an Accenture veteran most recently President-Worldwide Operations for salesforce.com, as its new President and CEO. He succeeds Scott W. Klein, in the roles since January 2004, who moves up to IRIs parent, Symphony Technology Group. Freeland brings over 28 years of enterprise information solutions and services experience. At software-as-a-service company salesforce.com, he [...]
Kinapse has appointed Tobias Hoppe, formerly with Altana and Accenture, as President, Kinapse US to lead its expanding US operations. Tobias has over 16 years of experience working in the life sciences industry. As a consultant with Accenture, he defined business strategies, developed operating models and led large-scale business reengineering projects for pharmaceutical companies headquartered both in the US and [...]
Ultimus has appointed Christopher Heivly as Executive Vice President, effective immediately. In this newly created position, Mr. Heivly will be responsible for the strategic direction of North American Sales, Professional Services and Training, as well as Global Marketing, Product Management, and Support for Ultimus. Mr. Heivly is an accomplished executive in the information technology sector with proven experience in marketing, [...]
American IT giant Outline systems recently appointed Pavitr Juneja as business development and sales head at its Chandigarh office. Juneja has over 10 years experience in the US and international exposure working with leading IT multinationals like Bearing Point (KPMG), IBM and Accenture. (Source: Business-standard.com, 09/24/07) [...]
Accenture has named Adrian Lajtha chief leadership officer, effective immediately. Mr. Lajtha most recently was Accentures group chief executive–Financial Services, overseeing the companys operating group that serves clients in the banking, capital markets and insurance industries. (Source: Businesswire.com, 09/20/07)
ITSMA, a marketing association that helps the world’s leading professional services, technology, and communications firms improve the impact of their marketing and sales activities, announced that Bob Baginski has joined the company’s executive leadership team. Baginski, a 25-year veteran of professional services marketing, has been appointed senior vice president of member engagement. He will be responsible for ensuring that members [...]