
Goldman's Richard Gnodde: a poster boy for the UK non-dom exodus
Richard Gnodde is a Davos regular. At the annual jamboree of world business leaders in the snow-capped Swiss mountains, the Goldman Sachs veteran has won a reputation for being able to field questions on global commerce.
But at this year's gathering in January, Gnodde, 65, found himself talking about his own career after the Wall Street bank announced that he would be stepping down as chief executive of its international arm to become vice-chairman.
Gnodde had spent two decades becoming one of the highest-profile bankers on London's financial scene. In his clipped South African accent, he proclaimed he was 'thrilled to have the remit to really operate broadly around the world and spend time with our people, our clients'.
What he did not say was
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
41 minutes ago
- Reuters
Indivior to delist from London Stock Exchange, maintain Nasdaq listing
June 2 (Reuters) - Pharma firm Indivior (INDV.L), opens new tab said on Monday it will cancel its secondary listing on the London Stock Exchange, effective July 25, maintaining its primary listing on the Nasdaq to reduce costs and better align with its U.S.-centric business. The company, known for its opioid addiction treatment, joins a growing number of companies delisting from London, as lower valuations and weak investor appetite continue to drive firms toward U.S. markets. Shares of Indivior, which floated in London in late 2014, have dropped more than 60% from record highs hit in June 2018. The company said over 80% of its revenue now comes from the U.S., with the Nasdaq (NDAQ.O), opens new tab accounting for about 75% of recent trading volumes. The delisting aims to streamline operations and reflect the company's strategic focus on the U.S. market, it said. Indivior moved its primary listing to the United States last year. The decision to delist from London comes just months after Indivior overhauled its management. Earlier this year, it appointed David Wheadon as chair and Joe Ciaffoni as CEO.


Scotsman
an hour ago
- Scotsman
Cut-price train operator to launch Stirling-London service next year
Regulators approve five Lumo services a day, linking Scottish stations with English capital for the first time Sign up for the latest news and analysis about Scottish transport Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Cut-price train operator Lumo is to launch new Stirling-London services next year, providing three Scottish settlements with their first direct link to the English capital. The company announced on Monday it will run five services a day from the spring after its plans were approved by rail regulators. Advertisement Hide Ad Advertisement Hide Ad They will operate via North Lanarkshire and the west coast main line, using second-hand diesel trains until new electric ones are delivered. The trains Lumo plans to use on the new service | Lumo Lumo has run London-Edinburgh services with brand new electric trains on the east coast line since 2021, which it hopes to win approval to extend to Glasgow. It said the new Stirling service would give Larbert, Greenfaulds, near Cumbernauld, and Whifflet, near Coatbridge, their first London link. Passengers will travel in five class 222 six-carriage trains which will also call at Motherwell, Lockerbie, Carlisle, Preston, Crewe, Nuneaton, Milton Keynes and London Euston. Advertisement Hide Ad Advertisement Hide Ad The service was originally planned by new operator Grand Union, which had hoped to launch four trains a day on the route this year. Lumo's parent company, FirstGroup, bought the firm in is an "open access" operator which does not receive government funding, unlike east coast rivals LNER, which runs far more trains which also stop at many more stations. The new service will see it compete for passengers on the English section of the west coast line with sister firm Avanti West Coast, which is also owned by FirstGroup. Open access operators are concerned about their future under the Labour UK Government, which is nationalising English train firms, but the Conservatives said such operators should be "championed". Advertisement Hide Ad Advertisement Hide Ad 'Affordable, fast and convenient' Lumo managing director Martijn Gilbert said: 'Today's announcement underscores Lumo's commitment to growing Scotland's rail network, providing passengers with more affordable, fast, and convenient travel options. "Our new service between Stirling and London has the potential to unlock significant economic opportunities for communities along the route, and we're proud to deliver this direct rail connectivity to towns previously overlooked by traditional rail services. "We are focused on further expanding our services in Scotland to ensure even greater connectivity across the country and the whole UK.' Scottish Conservatives transport spokesperson Sue Webber said: 'Lumo is actively investing in our capital city, not only bringing in tourists but also supporting our vibrant hospitality and events sector. Advertisement Hide Ad Advertisement Hide Ad "We're looking at £740 million in economic benefits from Lumo by 2032. "Crucially, this is being delivered not by government mandate, but through private sector innovation and open access investment. "That's why I believe this model is one we should be championing.


The Sun
an hour ago
- The Sun
Chelsea on verge of £30m Liam Delap transfer after agreeing personal terms with Ipswich striker on six-year contract
CHELSEA are poised to confirm the capture of Liam Delap on a six-year deal. The 22-year-old striker has been a top summer target for the Blues after a breakthrough season for Ipswich. Delap netted 12 goals in 37 Premier League matches as the Tractor Boys headed back to the second tier. The former Man City ace had a £30million relegation release clause written into his contract. Chelsea have now agreed personal terms with Delap, according to The Athletic. The England under-21 striker will sign until 2031 at Stamford Bridge. He selected a move to Chelsea ahead of Manchester United, Newcastle and Everton. Delap is set to undergo a medical at Chelsea's Cobham base later today. 2 Liam Delap talks about joining Ipswich Town