Sector Focus
Finance
Sponsored by: University of Birmingham Sector Focus The latest news from the sectors that matter to business
Birmingham Business School recognised as a leading MBA provider by CEO Magazine
By Hannah Down Marketing Officer
Birmingham Business School, University of Birmingham are thrilled to announce that we have been classed as a Tier One European MBA provider. This is an impressive
achievement for our Full-time MBA as the CEO Magazine Global MBA Rankings are designed with applicants in mind. The rankings examine the nuts and bolts of an MBA: the learning environment, class sizes, tuition fees, faculty, delivery methods, international diversity, gender make-up and more.
‘The recognition of our Full-time MBA programme by CEO Magazine cements our position amongst the world’s elite’
CEO Magazine launched in 2008 showcasing top business schools from around the globe. In 2012 the publication launched its annual global MBA rankings profiling MBA, EMBA and Online MBA programmes. Dr Paul Lewis, Programme
Director of Full-time MBA commented: ‘The recognition of our Full-
time MBA programme by CEO Magazine cements our position amongst the world’s elite and follows the recent news of our MBA programme improving its position within the FT Global MBA Top 100 Rankings.’ Distance Learning MBA
programmes as well as our overseas MBA with partners in Singapore. We are one of only a handful of the world’s business schools to hold the gold standard of ‘triple-crown’ accreditation from the AACSB, AMBA and EQUIS.
48 CHAMBERLINK June 2016 Working towards stability
Britain’s commissioner at the European Union with responsibility for financial stability has been tasked with updating legislation that was rushed through by the EU to deal with the banking crisis of 2008. Lord Hill of Oareford – EU commissioner for the Financial Stability, Financial Services and Capital Markets Union portfolio in the Juncker Commission – told a Birmingham audience that the legislation had resulted in ‘unintended consequences,’ some of which were still being discovered as the implementation of the rules on the ground has been very recent. Lord Hill was speaking at a Chamber round table about the financial services industry in Birmingham.
‘Following the financial crisis of 2008, more than 40 pieces of regulation were passed by Brussels in short order’
The commissioner – appointed in September 2014 – outlined his position on the need to give the financial services sector regulatory stability and develop the debate on risk so that it takes proper account of the importance of growth. He said that following the financial crisis of 2008,
more than 40 pieces of regulation were passed by Brussels in short order, and were aimed at regulating the financial services industry. According to delegates at the Chamber round table,
the unintended consequences of some of these hastily compiled regulations are still emerging today. Within the EU, Lord Hill leads the directorate-general
given the task of overseeing Europe’s approach to the banking and financial sectors, particularly where the implementation of new supervisory and regulatory rules is concerned. Birmingham is directly affected by this, due to the
growing importance of its financial services sector, which now employs more than 30,000 people. This growing importance has seen the city attract a
Candid discussion: Lord Hill (left) and Chamber president Greg Lowson
number of major financial institutions in recent years, including Deutsche Bank and HSBC’s retail arm, which is to base its headquarters in the city. Henrietta Brealey, director of policy and strategic
relationships at Greater Birmingham Chambers of Commerce, said: “It was great to see Lord Hill’s recognition of Birmingham as a strong and growing financial services sector hub in the UK. Birmingham’s financial services sector is the second largest in the UK outside London. Financial Services in the UK no longer simply means ‘the City of London’. “We also appreciated the candid discussion on financial services regulation and his commitment to push for a ‘quality over quantity’ approach to new and existing regulation.”
M&A still on the agenda for 2016
Barclays Corporate Banking team in the Midlands has got off to a flying start in the first quarter of 2016, having completed on a fourth acquisition deal. The team first supported Birmingham-
based Convergence Group, who design, build and manage public and private data networks. The company bought Redditch- based Network 1st last month, a business which sells, repairs, installs and maintains computer data communications equipment. This deal was quickly followed by Sterling Square
Capital Partner’s acquisition of Redditch-based Mettis Aerospace from parent company Saints Chamonix. The team then supported Birmingham-based
Attraction World, one of the UK’s leading theme park and attraction ticket specialists, who acquired well
known leisure brand ‘Day out with the Kids’ for an undisclosed sum. Finally, just last month the team supported Dutch company Terberg BV, who purchased the iconic UK manufacturer of refuse collection vehicles - Dennis Eagle Ltd from Spain-based
RosRoca Environmental - a major European manufacturer of refuse collection vehicles and parent company to Dennis Eagle Ltd.
Ian Tetsill, (pictured) managing director of Barclays
Debt Finance said: “We are seeing good evidence that strategic M&A activity for corporates remains on the agenda for 2016. It’s particularly pleasing to have supported four significant Midlands M&A success stories in succession, each one telling its own story of growth and development in their respective markets.”
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