Financial services overview
Simmons
Gainsford is to merge with Silver Altman to create a combined
London accountancy practice with about 120 staff.
HM Revenue & Customs is to transfer more than 100 jobs
from Southend to Shipley in May, mainly involving clerical and
debt management staff.
HBOS is to set up a corporate banking office with about 625
staff at the 62,000 sq ft Number One Lochrin Square
development in Edinburgh, with the first 100 staff moving in
early next year.
Swinton Insurance has acquired Andinsure, the insurance
firm with 50 staff in Preston, Accrington, Milnthorpe and
Birmingham, for undisclosed terms.
Russell Scanlan, the Nottingham-based general insurance
broker with 30 staff, has undergone a management buy-out
backed by Royal Bank of Scotland.
Kiln, the Lloyd's insurer, is to be acquired by Japan-based
Tokio Marine and Nichido Fire Insurance for £442m.
Bridge Insurance Brokers has acquired Chartwell, the
Warrington-based insurance broker, taking its total workforce
to almost 100.
John Charcol, the London-based mortgage broker with eight
offices nationwide, is expected to be put up for sale with a
price tag of about £50m.
Financial Services Data Management is creating 200 jobs at
a new call centre in Swansea.
Scottish Friendly has acquired London Aberdeen &
Northern Mutual Assurance Society of Leicester, including
assets of £37m and 6,000 policyholders.
Contact4 has closed its loans and mortgages call centre in
Campbeltown with the loss of 24 jobs.
King Sturge is in negotiations to acquire Bache Treharne,
the Birmingham-based provider of insolvency services with 30
staff.
Experian is to shed up to 200 jobs at its Nottingham-based
credit information business, in order to transfer some IT work
to Perot Systems in India.
Tenon Group has acquired Haines Watts Business Recovery,
which has 130 staff at offices in Birmingham, Worcester,
Leeds, Southend, London and Manchester, for undisclosed
terms.
Marsh is to outsource its insurance broking support and
processing services to Capita Group, with the transfer of up
to 650 Norwich-based staff.
Oval has acquired AJ Cook, the Ipswich-based insurance
broker with more than 50 staff, for undisclosed terms.
