City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured.
One in three Londoners suffer income drop during pandemic, study finds
A padlock secures the door of a closed London pub in February 2021. (Photo by Leon Neal/Getty Images)
Almost one in three Londoners experienced a fall in income during the pandemic, the joint highest of any region in the UK, new data has shown.
The income pressure was driven by the disruption inflicted on retail and hospitality throughout the Covid crisis, according to research gathered by consultancy firm Lane Clark & Peacock (LCP).
Many firms in these sectors have used job protection schemes to offset cash shortfalls caused by restrictions on economic activity.
Steve Ayers
Surrey-based advisory firm AHR Private Wealth has poached its managing director from Mayfair this week, as the former head of Lloyds Private Banking steps out of the City.
Steve Ayers is set to join the firm as it launches a new UK based private client business this week.
“We look forward to seeing the business prosper under his stewardship,” executive director at the AHR group, Tyla Phillips, said.
“Steve Ayers also brings with him a wealth of expertise and a strong track record in the motivation and development of successful teams.”
With more than two decades of experience, Ayers joins as the newly launched firm looks to recruit 20 advisers over the next 12 months.
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.”
City Moves: Who is switching jobs in the Square Mile this week?
Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured.
In this week’s City Moves, we have a host of newly created roles making their way across the Square Mile. From chief data officers to directors of environment social and governance – the new positions mark a fresh online era, as well as the increasing focus on environment social and governance (ESG) standards and commitments as the capital reaches for net-zero.