Tuesday 16 May 1995
Credit Suisse has scored a coup. It has nabbed David O'Reilly of Bakers Trust to head up its spot foreign exchange trading. This is no mean feat considering O'Reilly has been with Bankers Trust for a lengthy nine years. Treasurer Sadeq Sayeed said that O'Reilly is no less than a key addition and will uplift Credit Suisse's execution and risk taking capabilities as well as market presence.
Five others have also been taken on to beef up its foreign exchange sales operation.
Anne Sangser joins from BZW to head up the UK/European fund sales; Daniel Hayes moves from Morgan Grenfell London to become London option product manager and Adam Sorab jumps from Schroders London to lead UK corporate sales.
Gavin Vaughan comes in from Kleinwort Benson London to the position of senior money market salesman and Kieran Salter joins from Lehman Brothers to take main responsibility for Middle East Marketing.
Ramon Pajares, the recently appointed managing director of the Savoy Hotel, will get a one off payment of £150,000 if the company makes profits of more than £18m while he holds office. The details of his contract reveals that he gets basic pay of £120,000 and this year could be entitled to a bonus worth £70,000. He also gets £45,000 a year towards housing costs. the Savoy has turned a string a disappointing results over the last four years, making £4.2m last year, a 483 per cent increase on the previous year.
A US company, Factory Direct Sales Associates is to launch a TV home shopping service in Russia. Selling direct to the consumer in the comfort of their own home has proved a lucrative activity in the US. Now Factory Direct thinks it is time to conquer the que hardy population of the former communist country. It plans to sell watches and jewellery. The slogan being used to woo its virgin audience: "Russians will be in the red without the red tape" intimates that the company should perhaps try to lower its price points somewhat.
Mohammed Al Fayed, purveyor of fine things as chairman at the luxury goods store Harrods, looks set to leap into the mega-buck world of movie-making. Mr Al Fayed is apparently keen to buy a stake in the film industry. The brief apparently is to find out what's for sale. One possible target is the former Rolls Royce parts factory outside Watford. The site is home to the much-troubled filming of the latest James Bond blockbuster, Goldeneye, starring Piers Bronson. The site, although not exactly a Knightsbridge location, has the added bonus of an aerodrome. Could it be that Mr Al Fayed and his film-producer son, Dodi, are going into business together?
- 1 Scottish referendum: So how about the English now being given a chance to split from England?
- 2 Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
- 3 Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
- 4 Matthew Miller: American sentenced to hard labour in North Korea 'wanted to be Snowden II'
- 5 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
4Chan naked photos leak: Celebrity Twitter reactions to the mass breach of privacy
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Archbishop of Canterbury admits doubts about existence of God
Portuguese academic says British are 'filthy, violent and drunk'
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...