Allan Clare
Financial crime, risk and compliance specialist firm Plenitude has hired a new senior advisor from HSBC this week.
Former HSBC UK head of financial crime compliance and money laundering reporting officer, Allan Clare, will help Plenitude execute its business strategy to keep up with the evolving financial crime landscape.
“Allan will play a key role in terms of guiding the business and providing strategic advice which will be invaluable,” managing director, Alan Paterson, said.
“This builds on our recent appointments of Barbara Patow and Shahmeem Purdasy and further demonstrates the calibre of our senior leadership team at Plenitude.”
FTSE 100 edges higher as investors await Fed meeting
(Photo by Jack Taylor/Getty Images)
London’s FTSE 100 creeped up by 0.15 per cent this morning as investors awaited the outcome of the US Federal Reserve’s policy meeting.
The blue-chip index was boosted by a series of positive earnings updates from WPP and Lloyds, with the latter reporting upbeat profit for the first three months of the year.
WPP gained 3.3 per cent after the world’s biggest advertising firm said its underlying net sales had returned to growth.
Investors’ focus has now turned towards the US central bank, which is expected to reaffirm that easy monetary policy will remain in place later today.
First published on Wed 28 Apr 2021 11.32 EDT
A banker and former adviser to Gordon Brown who was jokingly known as his “representative on earth” has been named as chair of the Royal Shakespeare Company.
Shriti Vadera is the first woman and the first person of colour to fill the role. She starts in August, succeeding Nigel Hugill who steps down after 10 years.
After a number of years at the Treasury and as a minister in Brown’s government, Vadera became the chair of Santander UK, the first woman to run a major British bank. Her term ended last year and she recently became chair of Prudential.
Santander UK boss Nathan Bostock has announced he is stepping down from the helm at the end of the year to take on a new role in the wider group.
The lender reported a marked first quarter profit boost, up from £114million a year go to £184million, amid the mass vaccine rollout and shoots of optimism in the economy.
The group saw a sharp drop in provisions for loans expected to turn sour. Provisions for bad debts now stand at £5million, down from £165million a year ago.
More optimistic: Santander saw a sharp drop in provisions for loans expected to turn sour
Lloyds Bank profits surge as economy reopens telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.