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Dec 14, 2011

Newsmaker – Cazenove’s Wise new head looks beyond one-man brand

LONDON (Reuters) – Tim Wise has a complex balancing act to pull off as he steps onto the public stage as head of JPMorgan Cazenove, the new face of a venerable British broker and adviser prized for the discretion of its bankers.

Wise took over last month as chairman from David Mayhew, one of the City of London’s best known and yet most intensely private bankers. A corporate finance specialist, Wise has until now kept a low profile, known only to clients, colleagues and peers.

Dec 14, 2011

Cazenove’s Wise new head looks beyond one-man brand

LONDON, Dec 14 (Reuters) – Tim Wise has a complex
balancing act to pull off as he steps onto the public stage as
head of JPMorgan Cazenove (JPM.N: Quote, Profile, Research), the new face of a venerable
British broker and adviser prized for the discretion of its
bankers.

Wise took over last month as chairman from David Mayhew, one
of the City of London’s best known and yet most intensely
private bankers. A corporate finance specialist, Wise has until
now kept a low profile, known only to clients, colleagues and
peers.

Dec 14, 2011

Cazenove’s Wise new head looks beyond one-man brand

LONDON, Dec 14 (Reuters) – Tim Wise has a complex
balancing act to pull off as he steps onto the public stage as
head of JPMorgan Cazenove (JPM.N: Quote, Profile, Research), the new face of a venerable
British broker and adviser prized for the discretion of its
bankers.

Wise took over last month as chairman from David Mayhew, one
of the City of London’s best known and yet most intensely
private bankers. A corporate finance specialist, Wise has until
now kept a low profile, known only to clients, colleagues and
peers.

Nov 21, 2011

Olympus ex-CEO Woodford says to attend board meeting

TOKYO/LONDON (Reuters) – The sacked chief executive of Japan’s disgraced Olympus Corp (7733.T: Quote, Profile, Research, Stock Buzz) says he has accepted an invitation to attend its board meeting this week, in what could be a hopeful sign for investors who want him to return and lead a clean-up of the firm.

Olympus, a maker of cameras and medical equipment, has been engulfed by an accounting scandal and is under investigation by regulators, prosecutors and also organized-crime police. The scandal broke when CEO-turned-whistleblower Michael Woodford publicly questioned its accounts after his sacking last month.

Nov 10, 2011

Insight: Firms find it hard to think outside the euro

LONDON (Reuters) – German travel group TUI AG is going where the world’s biggest financial firms have yet to venture.

It has decided to protect itself from the risk that Greece could leave the euro zone by asking Greek hoteliers to sign new contracts which would apply if this were to happen.

Nov 10, 2011

Firms find it hard to think outside the euro

LONDON, Nov 10 (Reuters) – German travel group TUI AG is
going where the world’s biggest financial firms have yet to
venture.

It has decided to protect itself from the risk that Greece
could leave the euro zone by asking Greek hoteliers to sign new
contracts which would apply if this were to happen.

Nov 1, 2011

Special Report: In Japan, a foreigner speaks out

LONDON (Reuters) – Michael Woodford makes an unlikely fighter.

As he tucks his tie into his shirt and digs into a plate of Dover sole in a London restaurant, it’s hard to imagine that this down-to-earth 51-year-old Englishman is at war with one of Japan’s biggest corporations.

Woodford is taking on the leaders of Olympus Corp., one of Japan’s most venerable camera makers. He was made CEO of the company in early October. But two weeks later, on October 14, the board sacked him for what chairman Tsuyoshi Kikukawa said was Woodford’s failure to understand the company’s management style and Japanese culture.

Nov 1, 2011

In Japan, a foreigner speaks out

LONDON, Nov 1 (Reuters) – Michael Woodford makes an unlikely
fighter.

As he tucks his tie into his shirt and digs into a plate of
Dover sole in a London restaurant, it’s hard to imagine that
this down-to-earth 51-year-old Englishman is at war with one of
Japan’s biggest corporations.

Woodford is taking on the leaders of Olympus Corp., one of
Japan’s most venerable camera makers. He was made CEO of the
company in early October. But two weeks later, on Oct. 14, the
board sacked him for what chairman Tsuyoshi Kikukawa said was
Woodford’s failure to understand the company’s management style
and Japanese culture.

Oct 19, 2011

Olympus ex-CEO calls for Japan probe into fees

LONDON (Reuters) – The sacked chief executive of Olympus Corp (7733.T: Quote, Profile, Research, Stock Buzz) has written to Japan’s securities industry watchdog calling for an investigation into an “extraordinary” $687 million fee the company paid to advisers for an acquisition.

Michael Woodford told Reuters on Wednesday he had written to Japan’s Securities and Exchange Surveillance Commission (SESC) detailing his concerns over payments linked to the $2 billion purchase of UK medical equipment maker Gyrus Group.

Aug 12, 2010
via Breakingviews

Vedanta’s Indian oil interest is hard to fathom

Vedanta Resources’ Indian oil interest is hard to fathom. No doubt Cairn Energy will have plenty of ideas for any cash it may raise by selling a stake in the UK oil explorer’s Indian subsidiary. But it’s harder to see what Anil Agarwal’s mining group has to gain from dipping its toe into the oil business.

Vedanta’s interest is in Cairn India, which pumps oil in the Rajasthan desert and has had a separate listing since January 2007. A full takeover would be a stretch. Cairn Energy’s 62 percent stake is worth $8.5 billion at current market prices. Add in a control premium, and a possible offer to minority shareholders, and a deal could easily cost twice that amount.

    • About Alexander

      "I am a Reuters columnist specialising in financial services -- particularly investment banking, M&A and corporate finance. I am based in London, but have lived and worked in Spain and South America. I have been a journalist and editor for almost 19 years and before moving into commentary at the beginning of 2009 I was the editor responsible for Reuters coverage of company news in Europe, Middle East and Africa."
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