UK - JPMorgan Investor Services has hired Teresa McGonagle as a global practice leader.
McGonagle joins JPMorgan’s global client group from Citigroup, where she was head of global products in the global investor services unit. Prior to joining Citigroup, she was a partner at PricewaterhouseCoopers and director of strategic planning for John Hancock Funds Group.
Tom Swayne, business executive at JPMorgan, said: “Teresa brings a wealth of experience in our industry and a well-earned reputation for strategic thought, creativity and superb senior client skills.
“Teresa is well known in the fund management and securities services industry and will be a valued strategic partner in furthering our key growth initiatives.”
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.