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...Haywood highlighted the fines imposed on him and GAM when the FCA published its advanced warning notices in December. “Each gave statements at the time,” he said....
...The FCA disclosed the breaches in notices setting out why it fined GAM and Haywood last year....
...The Financial Times first revealed in 2019 that Haywood took the trip on Greensill’s private jet....
...Both fines reflect a 30 per cent discount because GAM and Haywood co-operated....
...Haywood meanwhile faced a penalty of £230,000....
...Additional reporting by Robert Smith, Stephen Morris and Laurence Fletcher in London This article has been amended to reflect that David Solo was an adviser to Greensill Capital, not a director of the group...
...GAM’s investigation into Haywood also focused on his use of Greensill’s private jets....
...The really interesting thing, however, is GAM's insistence that Mr Haywood did not breach the funds’ rules by holding these investments....
...Shirley Haywood disappeared over a hill when her companion was ordered back to the starting point after losing her pack horse....
...laurence.fletcher@ft.com robert.smith@ft.com...
...A key factor in GAM’s decision to dismiss Mr Haywood was his use of Greensill’s private jet, which the asset manager said violated its gifts and entertainment policy....
...GAM went further last month, announcing that Mr Haywood had been dismissed for “gross misconduct”. Mr Haywood said he was being made “a scapegoat” for the firm’s troubles....
...One other outstanding issue is the resolution of Mr Haywood’s appeal. He has said he has been made a scapegoat and treated unfairly....
...(NYT) Inside the GAM scandal A Financial News investigation reveals the details behind Tim Haywood’s sacking at asset manager GAM, including information that an internal probe turned up about the bond trader...
...Mr Haywood said he was being made “a scapegoat” for GAM’s troubles....
...Additional reporting by Robert Smith laurence.fletcher@ft.com...
...Robert Peck has been appointed chairman of global internet banking at the Barclays technology banking group in New York....
...The Swiss investment firm has also put an end to its stand-off with Tim Haywood, the sacked star fund manager, as it looks to draw a line under a bruising year. Full tale here....
...Two months after the investment house abruptly suspended star fund manager Tim Haywood over what it says were potential breaches of due diligence practices, GAM is in the process of handing cash back to...
...robert.smith@ft.com...
...Debt-laden borrowers revel in Europe’s buyout boom Robert Smith looks at how the erosion of covenants in lending documents has spread from the US to Europe as banks have competed to underwrite deals....
...Reporting by Kate Allen, Roger Blitz, Miles Johnson, Nicole Bullock, Neil Hume, Robert Smith and Alex Scaggs...
...“It’s boosted the business because now . . . people have their contactless card stuff and everyone uses card now, so, yes, it’s definitely a bonus,” Mr Haywood says....
Musician had been battling cancer for 18 months
...Robert Burton (1577-1640) wrote that melancholia (or depression) was caused by an excess of the humour black bile and recommended that sufferers turned not away from religion but to the people he described...
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