Q&A with Investec: Banking for law firm partners in times of change

Q&A with Investec: Banking for law firm partners in times of change

Making partner is a huge step up for any lawyer and it’s one that can have a major impact on your earning profile. Here, Private Banker Emily Bernstein and Financial Planning Lead Simon Bashorun from Investec talk about the unique challenges they could help you overcome.

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The Client profile: Ahmed Badr, GoCardless

The Client profile: Ahmed Badr, GoCardless

Ahmed Badr did not want to be a lawyer. A self-professed ‘huge geek’ at school, he was never happier than when sat a computer doing some programming or web design. ‘You would never find me playing football,’ he reflects.

Initially, Badr studied medicine, which he admits ‘was more of a family thing than a me thing’. His dad was a doctor, his mum was a nurse, which led a young Badr to feel compelled to the same fate. But he soon he realised he had no interest in it, and opted to do a business degree instead. Continue reading “The Client profile: Ahmed Badr, GoCardless”

The Client profile: Philip Price, TP ICAP

The Client profile: Philip Price, TP ICAP

Legal Business (LB): Describe your career before your current role with TP ICAP and the company today.

Philip Price (PP): I qualified as a solicitor back in 1990 and then held a series of roles in investment banks, private equity firms and hedge funds. I joined Tullett Prebon in 2015, which merged with ICAP to form TP ICAP in 2017. The most significant M&A milestone since then has been our acquisition of Liquidnet, an electronic trading platform for asset management institutions which was acquired in October last year. Continue reading “The Client profile: Philip Price, TP ICAP”

Sponsored briefing: Measures taken by the regulatory authorities in the banking sector regarding the Covid-19 outbreak

Sponsored briefing: Measures taken by the regulatory authorities in the banking sector regarding the Covid-19 outbreak

The Banking Regulation and Supervision Agency (the BRSA), the Central Bank of Republic of Turkey (the CBRT) and the Banks’ Association of Turkey (the BAT) have swiftly taken several measures after the declaration of the first confirmed Covid-19 case in Turkey on 11 March 2020 in order to mitigate the outbreak’s impact on the financial markets and soften expected disruptions in commercial activities that may be caused by Covid-19. Such measures are set forth by the relevant regulators in order to provide flexibility to financial institutions (the FIs) to ensure (i) financial stability of the FIs and (ii) meet FIs customers’ needs such as facilitating cash flow of individuals and SMEs which are likely to be the most affected by this outbreak and ultimately to mitigate the macroeconomic effects and risks arising from Covid-19 in financial markets.

Firstly, the BRSA, in its press release dated 16 March 2020, indicated that the business continuity plans prepared routinely by banks in accordance with the Guide on Management of Operational Risks with the aim of continuity of FIs’ activities and limitation of losses which arise from severe business interruptions are re-examined by the BRSA and in this regard all necessary measures are taken. This measure has been taken by the BRSA within the framework of prudent supervision approach. Continue reading “Sponsored briefing: Measures taken by the regulatory authorities in the banking sector regarding the Covid-19 outbreak”

Financial Regulation – Increased focus on culture raises question: is everything OK?

Financial Regulation – Increased focus on culture raises question: is everything OK?

Our second one-day summit dedicated to banking disputes and regulatory actions returned in February with a host of sponsors, speakers and more than 150 guests in central London. Backed by a string of top names in contentious banking work, including headline sponsor White & Case, as well as Freshfields Bruckhaus Deringer, Boies Schiller Flexner, One Essex Court and Norton Rose Fulbright (NRF), the event was guaranteed a heavyweight line-up.

There was no mistaking the core theme for the day, which White & Case banking disputes chief John Reynolds set out in his opening remarks. Arguing that cultural issues sat at the heart of the global financial crisis over a decade ago, Reynolds gave a jaded assessment of the progress since, despite the string of post-crisis reforms, like the Senior Managers Regime, ringfencing and legislation on bonuses. Continue reading “Financial Regulation – Increased focus on culture raises question: is everything OK?”

Freshfields under financial and reputational fire in Germany as cum-ex tax scandal rolls on

Freshfields under financial and reputational fire in Germany as cum-ex tax scandal rolls on

Marco Cillario and Nathalie Tidman report on Freshfields’ role in the tax scandal rocking Germany

It is not often that a law firm makes headlines outside the legal media, yet the name Freshfields Bruckhaus Deringer is rapidly becoming a regular feature of German newspapers. That is bad news for the City giant. How bad, many are currently trying to assess. Continue reading “Freshfields under financial and reputational fire in Germany as cum-ex tax scandal rolls on”

The 500 View: Restructuring hires are in vogue but is there enough work for everyone?

The 500 View: Restructuring hires are in vogue but is there enough work for everyone?

Georgina Stanley assesses a City restructuring scene offering rewards for some but a lack of clear direction

‘You can only grow this business when people aren’t busy – when everyone’s flat-out, you can’t hire for love nor money,’ reflects Paul Hastings restructuring veteran David Ereira of his chosen trade. Continue reading “The 500 View: Restructuring hires are in vogue but is there enough work for everyone?”