Mr Teflon is sticking to his old connections

While his name failed to appear in lights in yesterday's report from the Singapore authorities on the collapse of Barings, Andrew "Teflon'' Tuckey finds his tenuous connection with the once-proud name ever more stretched.

You will recall that the bank's former deputy chairman resigned on 3 April "as a matter of honour" while still managing to stay on as a consultant to the corporate finance arm. This in spite of a Securities and Futures Association investigation hanging over his head and an assurance from the Bank of England Governor, Eddie George, that he would need his approval to work again in the City. In a telling demonstration of the suitability of his soubriquet, Mr Tuckey even secured an office in the new London Wall headquarters which Barings moves into next weekend.

However, Teflon may yet come unstuck. "The office will probably be a broom cupboard in the cellar,'' whispers a barely audible Barings man. "This is a sort of low-profile, part-time, occasional role.''

Already under the cosh from an ungrateful public, the Serious Fraud Office has suffered the further indignity of being publicly rubbished by its own barrister. On Monday the hapless investigators came under withering attack from Jonathan Caplan QC, as he mounted the case for Ernest Saunders, the former Guinness chief appealing against his conviction.

Was this the same Jonathan Caplan who has been advising the SFO on the Barings debacle for the last six months? "Er ... he is one of the best,'' explains an SFO spokesman defensively. "It is a reflection of how few QCs there are available to deal with complex fraud.''

One can see why William Hague, the Welsh Secretary, is getting so edgy about inward investment in the principality. The announcement of a pounds 340m expansion by Ford at Bridgend and advertisements for 480 new jobs will lead to a stampede followed by the inevitable disappointment.

When Bridgend advertised 24 jobs on the Jaguar engine line it got 8,000 applications. Some from 80 miles away.

The 4,000,000th attempt to unite Britain's fragmented accountancy profession is in danger of collapse, barely months after it got off the ground. In spite of the efforts of at least 14 working parties another Balkan solution looks on the cards.

Sensing that it can never sell a merger between the Institute of Chartered Accountants in England & Wales (ICA) and the Chartered Institute of Management Accounts (CIMA) to its younger separatist members, the increasingly impoverished ICA yesterday launched a "hard-hitting poster campaign'' to convince the public that theirs is the premier qualification. For their part the management accountants seem fairly relaxed. The CIMA stock is rising and it has again asked the Privy Council to allow its members to call themselves "chartered'' accountants.

Senior auditors now privately concede that they have lost the exclusive use of the chartered prefix.

Suggestions in the Financial Times that Freshfields, Britain's leading international law firm, was about to merge with Davis Polk & Wardwell of the US were followed by swift and vehement denials from both senior partners in the newspaper's letters column yesterday. But the clarifications came too late to stand down investment bankers on both sides of the Atlantic, who had already got the smell of merger fees in their nostrils.

Even before he could put pen to paper, John Grieves the unflappable senior partner at Freshfields, was besieged bybankers offering their services. It hardly bears a mention, but for the record it was the Americans who got to him first.

Start your day with The Independent, sign up for daily news emails
News
news
Arts and Entertainment
British author Helen Macdonald, pictured with Costa book of the year, 'H is for Hawk'
booksPanel hail Helen Macdonald's 'brilliantly written, muscular prose' in memoir of a grief-stricken daughter who became obsessed with training a goshawk
Sport
footballDefender's extra-time header in Capital One Cup semi-final sends Blues to Wembley
Life and Style
food + drink
PROMOTED VIDEO
ebooks
ebooksA year of political gossip, levity and intrigue from the sharpest pen in Westminster
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Web Developer - PHP

£16500 - £16640 per annum: Recruitment Genius: This fast growing Finance compa...

Ashdown Group: Client Services Manager - Relationship Management - London

£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...

Recruitment Genius: Credit Controller / Customer Service

£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...

Guru Careers: In-House / Internal Recruiter

£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...

Day In a Page

Greece elections: In times like these, the EU has far more dangerous adversaries than Syriza

Greece elections

In times like these, the EU has far more dangerous adversaries than Syriza, says Patrick Cockburn
Holocaust Memorial Day: Nazi victims remembered as spectre of prejudice reappears

Holocaust Memorial Day

Nazi victims remembered as spectre of prejudice reappears over Europe
Homeless Veterans appeal: Homeless in Wales can find inspiration from Daniel’s story

Homeless Veterans appeal

Homeless in Wales can find inspiration from Daniel’s story
Front National family feud? Marine Le Pen and her relatives clash over French far-right party's response to Paris terror attacks

Front National family feud?

Marine Le Pen and her relatives clash over French far-right party's response to Paris terror attacks
Woman who was sent to three Nazi death camps describes how she escaped the gas chamber

Auschwitz liberation 70th anniversary

Woman sent to three Nazi death camps describes surviving gas chamber
DSK, Dodo the Pimp, and the Carlton Hotel

The inside track on France's trial of the year

Dominique Strauss-Kahn, Dodo the Pimp, and the Carlton Hotel:
As provocative now as they ever were

Sarah Kane season

Why her plays are as provocative now as when they were written
Murder of Japanese hostage has grim echoes of a killing in Iraq 11 years ago

Murder of Japanese hostage has grim echoes of another killing

Japanese mood was against what was seen as irresponsible trips to a vicious war zone
Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century