Latest People News: Finextra Research

Management reshuffle for SIA-SSB

Italian financial technology group SIA-SSB has appointed two group executives - Gian Bruno Mazzi and Fabrizio Canedoli - as CEOs for its Kedrios and GBC subsidiaries. It has also given responsibility for the capital markets business unit to long-serving executive Armando Bolzoni.

18 November 2008

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Jobs bloodbath as Citi takes the axe to 52,000 staff

Stumbling banking giant Citigroup has stunned Wall Street by announcing plans for a further 52,000 job cuts.

17 November 2008

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NAB cuts 179 tech jobs

National Australia Bank (NAB) is to axe 179 technology jobs, according to local press reports.

13 November 2008

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Friends Provident IT workers face axe

UK life and pensions outfit Friends Provident says it is to cut an unspecified number of jobs - including IT positions - at its Manchester offices.

13 November 2008

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AML professionals see pay hit by economic crisis - survey

Anti-money laundering and counter-terrorist financing professionals around the world have seen their salaries decrease in 2008, according to a survey from the Association of Certified Anti-Money Laundering Specialists (Acams).

12 November 2008

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Co-op tech workers vote to strike over offshoring

Outsourced Co-operative Bank staff working at French IT services firm Steria in the UK have voted to go on strike over the offshoring of their jobs to India.

12 November 2008

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Swiss Exchange to close SWX Europe with the loss of 40 jobs

In a move that marks the end of a seven-year presence as a recognised investment exchange in London for the Swiss group, SIX Swiss Exchange will close SWX Europe and reunify share trading in Zurich by mid-2009 in an effort to streamline operations and cut costs.

11 November 2008

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Mizuho snaps up Lehman e-trading team - Bloomberg

Japanese bank Mizuho Financial Group is set to start electronic trading in Asia after snapping up a team of 16 former Lehman Brothers employees, according to a report from Bloomberg.

10 November 2008

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Temenos to trim staff worldwide

Banking system vendor Temenos is reducing its workforce in a cost-cutting exercise, according to sources close to the company. Thirty-four jobs will go from the London and Hemel Hempstead offices, with other cuts expected in mainland Europe and the US.

06 November 2008

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Computer programmer files $5m suit against Lehman

Lehman Brothers has been hit with a $5 million lawsuit filed on behalf of over 100 former employees by a computer programmer who was laid off by the failed investment bank.

06 November 2008

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Lloyds TSB nabs RBS man Fisher to lead Hbos integration

Lloyds TSB has named Mark Fisher - currently overseeing the integration of ABM Amro into the Royal Bank of Scotland (RBS) - as director of group IT and operations.

04 November 2008

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Lloyds TSB details £1.5 billion cost cuts

Lloyds TSB says it expects to reap £1.5 billion in annual savings from consolidation of technology, branch closures and job cuts as part of its mega merger with distressed high street rival HBOS.

03 November 2008

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