It gave no details on possible changes to regulation. Separately, GSK said its chief executive Andrew Witty was stepping down from his role on the board of the UK government’s department for business at the end of 2013, as had been planned. “His decision is not related in any way to the current issues the company is facing in China,” GSK said. (Additional reporting by Andrew Osborn in LONDON and Ransdell Pierson in NEW YORK; Editing by Louise Heavens, David Holmes and Dean Yates) @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes.
Barclays Poaches JP Morgan’s Morzaria As New Finance Boss
Morzaria, 44, was born in Uganda and moved to Britain in 1971. The British citizen is a qualified chartered accountant who has worked for JP Morgan in London and New York and previously held finance roles at Credit Suisse and SG Warburg. He will be paid a salary of 800,000 pounds and can earn an annual bonus of up to 2 million pounds and a long-term share award of up to 3.2 million. The long-term award would only start paying out in five years’ time. Morzaria is expected to begin work at Barclays this autumn but there will be a lengthy handover period.
Flaherty Remains at Finance in Canada Cabinet Shuffle
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Corporate HR and Finance Executives See More Collaboration in Their Future, Towers Watson Survey Finds
Flaherty, who has been suffering from a rare skin disease, had said he wanted to remain as finance minister until the country eliminates its deficit, which he forecast will happen in the fiscal year beginning April 2015. Long Serving Flaherty has been Harpers only finance minister, making him the longest serving Conservative at the post in a century. If he stays through 2015, he would become Canada s second-longest serving finance minister since the country was created in 1867. Keeping him at the job may mean a quiet sigh of relief for financial markets because of all the changes at key Canadian economic institutions, Bank of Montreals Doug Porter said. He cited the departure of Mark Carney from the Bank of Canada last month and Julie Dicksons planned retirement from the Office of the Superintendent of Financial Institutions.