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UBS is experiencing a notable exodus of wealth advisors in London, with at least three senior members—Matt Bonfield, Nick Williams, and Josie Shaw—joining Julius Baer. This shift is attributed to Julius Baer's more attractive compensation structure, which offers a percentage of assets brought in, contrasting with UBS's reportedly disappointing bonuses. The departures follow other significant exits, including Mark Goddard, and reflect broader changes within UBS's UK operations, which are increasingly centralized in London.
Lloyds Banking Group has partnered with Xpeng's UK distributor, International Motors Ltd, to offer flexible financing options for Xpeng electric vehicles, enhancing accessibility in the UK market. This collaboration aims to accelerate EV adoption by providing various leasing and purchase models, while supporting the UK's sustainability goals. With advanced technology and competitive pricing, Xpeng's entry is set to increase market competition and consumer choice in the electric vehicle sector.
Lloyds Banking Group has partnered with International Motors Limited to provide financing and leasing options for XPENG's electric vehicles in the UK, marking the brand's market entry. The first model available will be the XPENG G6 coupe SUV, offering flexible payment options through International Motors Finance and Lex Autolease. Meanwhile, Lloyds has increased its provision for potential car finance mis-selling compensation to £1.2 billion, impacting its annual profits.
Lloyds Banking Group has partnered with International Motors Limited (IML) to provide finance and leasing options for XPENG's electric vehicles as the brand enters the UK market. The collaboration will offer flexible payment choices, including Hire Purchase and Personal Contract Purchase, through International Motors Finance and Lex Autolease. The XPENG G6, a zero-tailpipe emission SUV, exemplifies the evolution of the electric car market, combining advanced technology with affordability.
XPeng has partnered with Black Horse and Lex Autolease to enhance finance and leasing options for UK customers, marking a significant step in its UK market expansion. The G6 coupe SUV, XPeng's first model in the UK, is available for pre-order starting at £39,990, with deliveries set for March 2025. The company aims to establish a network of 20 UK dealerships by the end of 2025 and plans to expand its vehicle range, showcasing models like the P7+ saloon and the X9 seven-seater.
Paolo Celesia, who has led Credit Suisse's Equity Capital Markets (ECM) since 2007, has been appointed head of financing for Italy. In this role, he will oversee the coordination, origination, and execution of financial products for corporate, institutional, and private equity clients in a key market for the Investment Banking & Capital Markets division. Celesia will report to several senior leaders within the organization while the ECM business will continue under Nick Williams.
Nick Williams
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ubs wealth advisors leave for julius baer amid recruitment changes
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Paolo Celesia Appointed Head of Financing for Italy at Credit Suisse
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22:14 08.12.2024
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