Sunday, 8th November 2009
Neil Howitt, finance development director at St. James's Place Wealth Management Group, has left the UK wealth manager, according to a report in The Daily Telegraph, London.
Howitt will join Nucleus Financial Group, where he will assume the same role.
Meanwhile, Oxford Capital has hired Richard Hoskins from Noble Fund Managers to become its private client services manager.
Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.
Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.
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