People & Business

SARAH EVANS has just joined Ernst & Young as a partner in the accountancy firm's fraud investigation and risk management group. I hear that Sarah, formerly with Price Waterhouse's Forensic Accounting Practice, is married to Jonathan Howell, head of Enforcement and Market Regulation at the London Stock Exchange. Heaven help the milkman who gets their bill wrong.

The recent defection of the Manchester and Liverpool offices from insolvency firm Leonard Curtis has also split two brothers, David and Stephen Swaden.

The Swaden family is from Manchester, and David has ended up as a Liverpool- based insolvency partner, with Stephen in a similar job at Leonard Curtis's London office. Now the 30-odd staff in the two north-western offices of Leonard Curtis have merged with BDO Stoy Hayward, following a difference of opinion about the future direction of the firm.

The brothers insist the split is amicable. David Swaden said last week: "As things stand at the moment size is paramount. BDO is traditionally strong in corporate finance."

I was hoping to get a rise out of Stephen yesterday along the lines of "size isn't everything," but sadly he was out of the office. However, a spokeswoman for assured me Leonard Curtis "cares more about staying independent".

The London side of the firm has been undergoing a changeover at the top in recent weeks. Philip Monjack, senior partner since 1983, when the original Leonard Curtis retired, has gone off to spend more time on the golf course, to be succeeded by Keith Goodman.

The lawyer from Linklaters who advised SmithKline Beecham on their failed merger attempt with Glaxo Wellcome was one Jeremy Marriage. Perhaps he should use a shotgun next time.

NatWest has swiped William Martin from Barclays Capital to be its new director of group risk, in succession to Fred Pointon. Fred will retire on 31 March after nearly 40 years with NatWest.

Mr Martin, 41, was previously head of Global Equities Risk Management at Barclays Capital, the scrag end of BZW. Before that he had stints at Hunter Douglas in Switzerland and Chemical Ban, where he worked on treasury functions world-wide for nearly 10 years.

Much as it pains me to give the bearded ballooner more publicity, Richard Branson cracked quite a good joke yesterday. Or at least Rowan Gormley, Virgin Direct's managing director, did.

Mr Gormley recalled that when Virgin Direct launched in 1995, the industry was quick to ridicule index tracking. Roger Cornick, Perpetual's marketing director, even likened Virgin's index-tracking PEP to a Skoda and Perpetual's actively managed PEP to an Aston Martin.

The Virgin Direct boss said yesterday: "Whoops, Roger - your Aston seems to have missed a gear. The Virgin PEP, which tracks the FTSE Actuaries All Share Index, has outperformed every single one of Perpetual's PEPs over the three years since Virgin Direct launched."

It turns out the Virgin PEP went up 96 per cent over that period, and the closest a Perpetual PEP got to that was 95 per cent for the Perpetual Income PEP.

To rub salt in the wound, Virgin Direct is offering Mr Cornick the services of a chaffeur- driven Skoda for a week. I couldn't get a response from Mr Cornick yesterday. Perhaps he was taking his Aston Martin for a spin.

Derek Sach, the director of corporate and institutional banking at Royal Bank of Scotland who has just helped set up Tesco Personal Finance, has been appointed a non-executive director of Associated British Ports.

Mr Sach, 49, has had a more varied career than most commercial bankers. Prior to joining Royal Bank six years ago, he was managing director (UK) of 3i Group. When he moved to the bank he quickly made a name for himself by challenging the fees paid to receivers appointed by the bank, and even put receiverships out to tender, a move which provoked howls of anguish from the accountancy fraternity.

More recently he has been actively involved in filling Tesco stores with lots of orange-coloured booths, in which shoppers are enlightened as to the delights of the Tesco Club Card.

Calluna, a Fife-based maker of hard disk drives, has appointed Ian King as group managing director with effect from this month. George Elliot, currently director of production at Calluna, has been appointed finance director, following the resignation of Donald Macdonald from that post, the company said.

Full Circle Industries said William Rooney resigned as chairman with effect from today. Alan Bell, currently chief executive, becomes executive chairman, it added.

Mr Rooney, who owns 21.13 per cent of the issued share capital of Full Circle, and his children's settlements, which hold another 17.9 per cent, have told the company that these "are long-term shareholdings and will be retained".

The company said Peter Wood, managing director of the kitchen division, is to join the main board as an executive director.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

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

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Collections Agent

£14000 - £16000 per annum: Recruitment Genius: This company was established in...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...

Reach Volunteering: Trustees with Finance, Fundraising and IT skills

Voluntary and unpaid, reasonable expenses reimbursable: Reach Volunteering: St...

Day In a Page

Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

The Arab Spring reversed

Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

Academic claims King Arthur was real - and reveals where he lived

Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
Who is Oliver Bonas and how has he captured middle-class hearts?

Who is Oliver Bonas?

It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
Earth has 'lost more than half its trees' since humans first started cutting them down

Axe-wielding Man fells half the world’s trees – leaving us just 422 each

However, the number of trees may be eight times higher than previously thought
60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

60 years of Scalextric

Model cars are now stuffed with as much tech as real ones
Theme parks continue to draw in thrill-seekers despite the risks - so why are we so addicted?

Why are we addicted to theme parks?

Now that Banksy has unveiled his own dystopian version, Christopher Beanland considers the ups and downs of our endless quest for amusement
Tourism in Iran: The country will soon be opening up again after years of isolation

Iran is opening up again to tourists

After years of isolation, Iran is reopening its embassies abroad. Soon, there'll be the chance for the adventurous to holiday there
10 best PS4 games

10 best PS4 games

Can’t wait for the new round of blockbusters due out this autumn? We played through last year’s offering
Transfer window: Ten things we learnt

Ten things we learnt from the transfer window

Record-breaking spending shows FFP restraint no longer applies
Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

‘Can we really just turn away?’

Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

Nine of Syria and Iraq's 10 world heritage sites are in danger...

... and not just because of Isis vandalism
Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

Girl on a Plane

An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
Why Frederick Forsyth's spying days could spell disaster for today's journalists

Why Frederick Forsyth's spying days could spell disaster for today's journalists

The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent