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...The complex structure can make reorganisations fraught with difficulty as partners compete for influence. The reorganisation was “a fairly divisive topic internally”, said one former Deloitte partner....
...EY is adamant that damage claims from Wirecard investors are unmerited, but earlier this year it executed a complex internal reorganisation ringfencing its lucrative non-audit operations, according to people...
...Ryan’s reorganisation was not adopted by other countries in the PwC network, whose member firms have typically kept tax as a standalone business line....
...There is still confusion about the reorganisation, however. “For many colleagues, it is still not yet palpable what it will eventually mean for their day-to-day work....
...Zhang’s departure will mark the latest senior executive to leave Vogue and Condé Nast over the past year, with some staff unhappy following a reorganisation of its businesses designed to position the group...
...O’Connor will be leaving Goldman Sachs Asset Management as the firm undergoes a reorganisation, in December forming a global product strategy group to be oversee new public markets offerings....
...The reorganisation will reduce costs across the firm, said one person familiar with the plan, but added that a figure had not yet been put on the savings....
...Citigroup lifted chief executive Jane Fraser’s pay by 6 per cent in 2023 to $26mn for her work, despite the bank’s profits falling almost 40 per cent amid a reorganisation....
...Moving the deck chairs around in this reorganisation does not necessarily improve profitability....
...The bank last year instigated its most significant reorganisation in almost two decades in an effort to reverse years of lacklustre share price performance....
...BlackRock’s biggest reorganisation in years reflects a belief that the $10tn money manager must move faster to capture a wave of investment from clients who will be moving out of cash and seeking new products...
...As part of the reorganisation, announced on Wednesday, the bank named a new management team....
...The bank last year instigated its most significant reorganisation in nearly two decades in an effort to reverse years of lacklustre share price performance....
...The move to drop the GLG brand and combine teams is the first reorganisation led by Robyn Grew, who took over from the previous chief executive, Luke Ellis, last September....
...Therefore, the solution is a complete reorganisation of society so that it does not revolve around realising market value....
...The military leadership has been experimenting with smaller reorganisations in recent years, suggesting that the 2015 reforms were not complete....
...Burn after Reid-ing One of the more enduring Whitehall reorganisations was Tony Blair and John Reid’s reduction in the size of the Home Office in March 2007....
...The New York-based company also announced a major reorganisation that chief executive Larry Fink said would “simplify and improve how we work” while meeting client demands for higher yields and customised...
...Citi, which is in the middle of its biggest restructuring for two decades, reported a quarterly loss of $1.8bn after costs from the reorganisation, its retreat from Russia and the devaluation of Argentina...
...Citigroup has lifted chief executive Jane Fraser’s pay by 6 per cent in 2023 to $26mn, despite the bank’s profits falling almost 40 per cent amid a sweeping reorganisation....
...She first served as co-head of consumer and wealth management, and then was put in charge of the struggling platform services division in 2022 as part of a major reorganisation....
...Just months from his 35th birthday, the developer was dismissed, another victim of the group’s reorganisation known internally as “Limestone”....
...Citi says the reorganisation will wipe out five layers of management, cutting them down to eight from 13, with the heads of Citi’s five business units reporting directly to Fraser....
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