INSURER Standard Life reaped the benefits of growth at its overseas division to post higher interim profits.Operating profit before tax from continuing operations rose ten per cent from last year to £182m, helped by growth overseas in areas such as Canada and India.Net inflows rose 71 per cent to £5.3bn, while the company also raised its interim dividend by 4.8 per cent to 4.35 pence.Standard Life’s earnings follow a set of solid profit increases from Britain’s top insurers this month.Earlier this month, larger UK rivals Aviva and Legal & General posted higher first-half profits and delivered upbeat outlooks, while Prudential is also expected to report a rise in profits.“Whilst the economic background remains uncertain we believe that the underlying demographic and regulatory trends in our key markets continue to support our future growth potential,” Standard Life said in a statement. whatsapp whatsapp Share Standard Life profit up on overseas expansion John Dunne More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Tags: NULL Wednesday 11 August 2010 2:51 am Show Comments ▼
Tags: NULL whatsapp Show Comments ▼ DeloitteThe accountancy firm has appointed Zahir Bokhari to lead its UK banking and capital markets audit business.Bokhari brings over 20 years of experience to the role, having provided audit, assurance and advisory services to numerous listed clients in the retail banking, inter-dealer brokers and capital markets sectors in his previous capacity as senior banking audit partner.“These are challenging times for all financial services companies, with significant demand for audit, assurance and advisory services,” said Bokhari. “I look forward to taking on this role and helping our clients to address these issues.”Brit InsuranceThe insurance group has nominated Scott Egan as its new group chief financial officer, replacing Matthew Scales, who announced his intention to step down earlier this year.Egan’s appointment will be put to a shareholder vote at the next general meeting, which the firm said would be held no later than January next year. Scales will remain at the group until Egan arrives. Egan joins from Zurich Financial Services, where he has held various roles including group financial controller, based in Switzerland, and UK chief financial officer.His appointment comes at an uncertain time for Brit, which last month finally agreed to open its books to suitor Apollo for due diligence after it submitted a third bid for the group at £10.75 a share. Two previous bids from Apollo at £10 and £10.50 a share had already been roundly rebuffed by Brit.Edison Investment ResearchIan McLelland has joined the independent investment research house to bolster its oil and gas team.McLelland has spent his 20-year career to date with oil giant BP, where he worked in the refining and petrochemicals sectors in a range of technical and engineering management positions. He later moved to the group’s London headquarters, where he advised the various executive committees on issues such as strategy development, financial planning and performance management.CapcoThe business and technology consultancy has expanded its European capital markets team with the appointment of Jonathan Davis as its UK lead. CITY MOVES | WHO’S SWITCHING JOBS Thursday 12 August 2010 7:43 pm whatsapp Share KCS-content More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Davis joins from Accenture, where he spent 22 years after graduating from university. He worked in the UK financial services team, where he was latterly a member of the ten-strong UK leadership group. Davis said these are particularly interesting times for consultancy businesses, as firms reconsider their strategies, cost structures and internal controls in the aftermath of the economic crisis.MercerThe consulting and outsourcing group is to set up a new financial strategy group based in Edinburgh, providing specialist advice to Scottish and Northern Irish companies on how to manage risks in their occupational pension schemes.Mercer said the move comes in light of the raft of challenges currently facing UK pension funds, including the continuing rise in longevity, the fall in global equity market and corporate bond yields, and the current fiscal squeeze. FTSE 350 company pension deficits stood as high as £85bn at the end of June, according to Mercer.The new Edinburgh group will be headed up by Sathish Ramdayal, who has over 15 years of experience in the industry and joins from P-Solve Asset Solutions, the investment advisory and management arm of Punter Southall. RothschildThe bank said yesterday that Oliver Goetz and James Ankers have moved over to its South-east Asia office from Frankfurt and London respectively. In Singapore, Goetz will be head of transport for Asia and Ankers will be head of financial institutions in the region.Threadneedle CommunicationsThe City public relations firm has poached Terry Garrett from rival Weber Shandwick.Garrett was formerly co-head of capital markets at Weber Shandwick, which he joined in 2000. He is an ex-journalist, having spent eight years as UK company news editor at the Financial Times.