Employee perception of banks' culture, behaviour and competence has changed little in the past 12 months, showing that embedding cultural change will be an ongoing process for firms, an expert has said.
“Sentiment in London is falling off a cliff,” says the managing consultant of a fixed income headhunting firm, speaking anonymously.
Since the introduction of Solvency II, UK insurers have responded by diversifying out of government and corporate bonds into direct investments in infrastructure finance, commercial real estate lending and equity release mortgages
In the last six months, more UK investor capital has flowed into offshore funds than it has into UK-domiciled ones, GBP9.5 billion compared to GBP7.5 billion.
Palchevsky’s clinic has connections to shady, offshore holdings via a residential address in Essex, England.