DOCSLIB.ORG

The Role of the Corporate Centre

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Role of the Corporate Centre City Research Online City, University of London Institutional Repository Citation: Vermaak, L. (1994). New product development in financial services companies: the role of the corporate centre. (Unpublished Doctoral thesis, City University London) This is the accepted version of the paper. This version of the publication may differ from the final published version. Permanent repository link: https://openaccess.city.ac.uk/id/eprint/7460/ Link to published version: Copyright: City Research Online aims to make research outputs of City, University of London available to a wider audience. Copyright and Moral Rights remain with the author(s) and/or copyright holders. URLs from City Research Online may be freely distributed and linked to. Reuse: Copies of full items can be used for personal research or study, educational, or not-for-profit purposes without prior permission or charge. Provided that the authors, title and full bibliographic details are credited, a hyperlink and/or URL is given for the original metadata page and the content is not changed in any way. City Research Online: http://openaccess.city.ac.uk/ [email protected] NEW PRODUCT DEVELOPMENT IN FINANCIAL SERVICES COMPANIES: THE ROLE OF THE CORPORATE CENTRE LEON VERMAAK Thesis submitted for the degree of Doctor of Philosophy 1994 ABSTRACT This thesis reports a study examining how the corporate centres of UK financial services companies involve themselves in product development in constituent businesses. Herein lies a key challenge for corporate managers - deciding on the appropriate balance between corporate involvement and granting autonomy to business units. Analysis of 16 businesses in large UK banks, building societies and insurers shows that in successful product development businesses the corporate centre becomes more intensely involved than in less successful businesses. In addition to providing expert product development advice, a corporate centre can provide leadership in the agreement of objectives based on a long-term vision of market opportunities. The results show that successful businesses are helped by their corporate centres to capitalize more fully on their entrepreneurial efforts. This is so particularly when businesses are allowed autonomy in performing operational tasks. Less successful product development businesses, on the other hand, are distinguished from winners by a distinctly different type of corporate involvement which at the extreme amount to unnecessary meddling in their affairs. Dedicated to Lizette, without whose support this journey would not have ended; and to my parents, without whose encouragement it would not have begun. TABLE OF CONTENTS Page LIST OF TABLES AND FIGURES . ACKNOWLEDGEMENTS . iv DECLARATION 1. INTRODUCTION 1 1.1 THE PROBLEM: CORPORATE INVOLVEMENT VERSUS MEDDLING IN PRODUCT DEVELOPMENT ACTIVITIES OF CONSTITUENT BUSINESSES . 1 1.2 THE CONTEXT: THE FINANCIAL SERVICES INDUSTRY . 1 1.3 THE AIM OF THE RESEARCH: HOW DO CORPORATE CENTRES MANAGE PRODUCT DEVELOPMENT? . 3 1.4 THE METHOD OF THE INVESTIGATION . 3 1.5 THE FIELDWORK . 10 1.6 LIMITATIONS OF THE STUDY . 11 1.7 AN OVERVIEW OF THE FINDINGS . 12 2. CORPORATE CENTRE INVOLVEMENT IN MANAGING NEW PRODUCT DEVELOPMENT: A REVIEW OF THE LITERATURE 16 2.1 THE CONCERN: CONTROL VERSUS AUTONOMY IN MANAGING FROM THE CENTRE . 16 2.2 CORPORATE INVOLVEMENT IN MANAGING CONSTITUENT BUSINESSES . 19 2.2.1 Types Of Corporate Planning And Control Systems. 20 2.2.2 Intensity Of Corporate Involvement . 23 2.2.3 Business Complexity . 28 2.3 PORTFOLIO LEVEL CORPORATE INVOLVEMENT . 31 2.4 THE CORPORATE CONTRIBUTION . 38 2.4.1 Introduction . 38 2.4.2 Analytical Framework: The McKinsey 7Ss . 39 2.4.3 Similarities Between Products and Services 41 2.4.4 The Corporate Contribution . 46 2.4.4.1 New Product Strategy . 46 2.4.4.2 New Product Shared Values 47 2.4.4.3 New Product Style . 49 2.4.4.4 New Product Structure 50 2.4.4.5 New Product Skills . 51 2.4.4.6 New Product Staff . 53 2.4.4.7 New Product Systems 53 2.5 THE PROPOSED RESEARCH . 60 3. RECENT CHANGES IN THE UK FINANCIAL SERVICES INDUSTRY . 63 • • • 3.1 INTRODUCTION . 63 3.2 ENVIRONMENTAL CHANGE AND NEW PRODUCT DEVELOPMENT 63 3.2.1 Legislative Change . 64 3.2.2 Technological Change . 68 3.2.3 Supply and Demand . 69 3.3 RESULTS OF PRELIMINARY FIELDWORK EXERCISE . 74 3.3.1 Corporate Involvement: An Increasingly Important Topic . 74 3.3.2 Approach Adopted . 76 3.3.3 The Findings Of The Preliminary Study . 77 3.4 THE NEED FOR SPECIFIC RESEARCH . 81 4. THE METHOD OF THE INVESTIGATION . 82 4.1 INTRODUCTION . 82 4.2 METHODOLOGICAL APPROACH 83 4.3 RESEARCH STRATEGY . 85 4.4 THE CHOSEN DESIGN . 91 4.4.1 Research Question . 91 4.4.2 Hypotheses . 92 4.4.3 Unit Of Analysis . 97 4.4.4 The Dependent Variable 98 4.4.4.1 Scope . 99 4.4.4.2 Attributes . 99 4.4.4.3 Timing . 107 4.4.4.4 Standards Of Comparison . 108 4.4.4.5 Participants In The Measuring Process . 110 4.4.4.6 Conclusion . 110 4.4.5 The Principal Independent Variable . 113 4.4.6 Other Independent Variables Used For Control Purposes. 115 4.5 SUMMARY . 119 5. THE FIELDWORK . 121 5.1 INTRODUCTION . 121 5.2 SAMPLE ELEMENTS . 121 5.3 DATA COLLECTION INSTRUMENT AND METHOD . 127 5.3.1 Data Collection Methods: A Review . 127 5.3.1.1 Method Of Administration . 129 5.3.1.2 Degree Of Disguise . 132 5.3.1.3 Degree Of Structure . 132 5.3.2 Data Collection Phase One: Corporate Level. 133 5.3.2.1 The Corporate Interview . 133 5.3.2.2 The Questionnaire . 135 5.3.3 Data Collection Phase Two: Business Level . 144 5.4 PILOT STUDY . 146 5.5 SUMMARY . 148 6. ANALYSIS OF RESULTS . 149 6.1 INTRODUCTION . 149 6.2 CASE STUDY RESPONSE . 151 6.3 DATA ANALYSIS . 152 6.4 ACCURACY OF CORPORATE RESPONSES . 155 6.5 BUSINESS COMPLEXITY . 158 6.6 SUCCESS AND FAILURE . 162 6.7 THE INFLUENCE OF EXTERNAL FACTORS . 166 6.8 THE INFLUENCE OF INTERNAL FACTORS . 171 6.9 RESULTS OF HYPOTHESIS TESTS . 174 6.9.1 Appropriateness of Corporate Involvement . 174 6.9.2 Supporting Hypotheses . 176 6.10 PORTFOLIO CONDITIONS . 180 6.11 DISCUSSION . 184 6.11.1 The Influence of Business Level Factors on Success. 184 6.11.2 The Influence of Corporate Level Factors on Success. 189 6.11.2.1 The Nature of Corporate Involvement in Complex Businesses . 190 6.11.2.2 Interdependency Among Variables in Complex Businesses . 194 6.11.2.3 Explaining Variation In Involvement in Complex Businesses . 204 6.12 SUMMARY . 207 7. THE UNDERLYING RELATIONSHIPS BETWEEN VARIABLES 208 7.1 INTRODUCTION . 210 7.2 THE NATURE OF CORPORATE CENTRE INVOLVEMENT . 210 7.2.1 INTENSITY OF CORPORATE INVOLVEMENT IN WINNERS ANDLOSERS . 210 7.2.2 INTERDEPENDENCE AMONG INVOLVEMENT VARIABLES 215 7.2.3 EXPLAINING VARIATION IN INVOLVEMENT . 222 7.2.4 SUMMARY . 225 7.3 THE INFLUENCE OF ENDOGENOUS FACTORS ON NPD SUCCESS 226 7.3.1 BACKGROUND TO THE ANALYSIS . 226 7.3.2 INTERDEPENDENCE AMONG BUSINESS AND CORPORATE LEVEL VARIABLES . 228 7.3.3 EXPLAINING VARIATION IN INVOLVEMENT . 235 7.4 DISCUSSION . 239 7.4.1 THE NATURE OF CORPORATE INVOLVEMENT . 239 7.4.2 THE INFLUENCE OF ENDOGENOUS FACTORS ON NEW PRODUCT DEVELOPMENT SUCCESS . 240 7.5 SUMMARY . 252 8. MANAGERIAL IMPLICATIONS. 254 8.1 INTRODUCTION . 254 8.2 CRITICAL FINDINGS . 254 8.3 CORPORATE INVOLVEMENT - NOT MEDDLING . 255 8.4 COOPERATION, NOT CENTRALIZATION . 256 8.5 MARKET-DRIVEN - NOT PROCESS DRIVEN APPROACH . • 258 8.6 FLEXIBLE INVOLVEMENT, NOT BUSINESS AUTONOMY . • 261 8.7 SUMMARY . • 266 9. CONCLUSIONS AND SUGGESTIONS FOR FURTHER RESEARCH . 269 9.1 INTRODUCTION . • 269 9.2 PURPOSE OF THE STUDY . • 269 9.3 CONTRIBUTIONS TO NEW PRODUCT DEVELOPMENT PROGRAM LITERATURE . • . • 271 9.4 CONTRIBUTIONS TO THE CORPORATE LITERATURE . 273 9.5 CONTRIBUTIONS TO THE SERVICES LITERATURE . • 276 9.6 LIMITATIONS OF THE STUDY . • 277 9.6.1 Conceptual Limitations . • 277 9.6.2 Methodological Limitations . 280 9.6.3 Summary • . 283 9.7 SUGGESTIONS FOR FURTHER RESEARCH . 283 APPENDIX 1 LETTER SENT TO CORPORATE RESPONDENTS • 285 APPENDIX 2 CORPORATE INTERVIEW: FLIP CHARTS USED . • 287 APPENDIX 3 LETTER SENT TO BUSINESS LEVEL RESPONDENTS 293 APPENDIX 4 CORPORATE QUESTIONNAIRE . • 295 APPENDIX 5 BUSINESS LEVEL QUESTIONNAIRE . • 307 REFERENCES • 319 •▪ LIST OF TABLES AND FIGURES TABLE Page 2.1 THE 7Ss FRAMEWORK FOR ORGANIZATIONAL ANALYSIS . 40 2.2 MANAGERIAL FACTORS ASSOCIATED WITH NEW PRODUCT DEVELOPMENT PROGRAM SUCCESS . 62 3.1 LEVEL OF CORPORATE CENTRE INVOLVEMENT IN NEW PRODUCT DEVELOPMENT . 78 3.2 FACTORS INFLUENCING CORPORATE CENTRE INVOLVEMENT 80 4.1 DELPHI EXERCISE PARTICIPATION RATE . 104 4.2 SUCCESS ATTRIBUTES INCLUDED IN DELPHI ANALYSIS . 105 4.3 FINDINGS OF DELPHI EXERCISE (%-) . 106 4.4 INTERPRETATION OF DELPHI EXERCISE( 96) . 109 4.5 ATTRIBUTES OF NEW PRODUCT DEVELOPMENT SUCCESS TO SCORE THE DEPENDENT VARIABLE . 112 4.6 FRAMEWORK FOR ANALYSIS OF THE WIDER BUSINESS ENVIRONMENT . 119 5.1 POPULATION OF LARGE BRITISH CONTROLLED FINANCIAL SERVICES COMPANIES IN LONDON . 124 5.2 RESEARCH METHODOLOGY ADOPTED . 147 6.1 CASE STUDY RESPONSE . 152 6.2 CONVERGENCE OF CORPORATE CENTRE-BUSINESS RATINGS . 157 6.3 CLASSIFICATION OF BUSINESS COMPLEXITY . 160 6.4 CLASSIFICATION OF NEW PRODUCT DEVELOPMENT PROGRAM WINNERS AND LOSERS IN MORE COMPLEX BUSINESSES . 162 6.5 CLASSIFICATION OF NEW PRODUCT DEVELOPMENT PROGRAM WINNERS AND LOSERS IN LESS COMPLEX BUSINESSES . 163 6.6 THE INFLUENCE OF EXTERNAL FACTORS ON SUCCESS IN MORE COMPLEX BUSINESSES . 168 6.7 THE INFLUENCE OF INTERNAL FACTORS ON SUCCESS IN MORE COMPLEX BUSINESSES . 172 6.8 THE APPROPRIATENESS OF CORPORATE INVOLVEMENT IN MORE COMPLEX BUSINESSES . 175 6.9 PORTFOLIO RELATEDNESS OF COMPLEX BUSINESSES .
Load more

Recommended publications
  • Sic Code Index Sic Codes Relating to Industrial Categories
    SIC CODE INDEX SIC CODES RELATING TO INDUSTRIAL CATEGORIES Abrasive products 2460 EJectrical instruments and control systems 3442 Medical and surgical equipment and orthopaedic Accountants, auditors, tax experts 8360 Electricity production and distribution 1610 appliances 3720 Active components and electronic sub-assemblies 3453 Electronic consumer goods & other electronic Medical care institutions not elsewhere specified 9520 Adhesive film, cloth, and foil 2569 equipment not elsewhere specified 3435 Medk:al practices 9530 Advertising 8360 Electronic data processing equipment 3302 Men's and boys' shirts, underwear and nightwear 4535 Aerospace equipment manufacturing and repainng 3640 Energy production and distribution not efsewhere Men's and boys' tailored outerwear 4532 Agency and private midwives, nurses, etc 9550 specified 1630 Metal doors, windows, etc 3142 Agricultural machinery 3211 Engineers' small tools 3222 Metal furniture and safes 3166 Agriculture and horticutture 0100 Essential oils and flavouring materials 2584 Metal storage vessels (mainly non-industrial) 3163 Air transport 7500 Explosives 2565 Metal-working machine tools 3221 Air transport supporting serivces 7640 Extraction and preparation of metalliferous ores 2100 Milk and milk products preparation 4130 Alarms and stgnalling equipment 3433 Extraction of mineral oil and natural gas 1300 Mineral oil refining 1401 Aluminium and aluminium alloys 2245 Extraction of other minerals not elsewhere specified 2396 Mining machinery 3251 Animal by-product processing 4126 Extraction
    [Show full text]
  • NATIONWIDE BUILDING SOCIETY (Incorporated in England and Wales Under the Building Societies Act 1986, As Amended)
    NATIONWIDE BUILDING SOCIETY (incorporated in England and Wales under the Building Societies Act 1986, as amended) €45 billion Global Covered Bond Programme unconditionally and irrevocably guaranteed as to payments by Nationwide Covered Bonds LLP (a limited liability partnership incorporated in England and Wales) Under this €45 billion covered bond programme (the Programme), Nationwide Building Society (the Issuer) may from time to time issue bonds (the Covered Bonds) denominated in any currency agreed between the Issuer and the relevant Dealer(s) (as defined below). The price and amount of the Covered Bonds to be issued under the Programme will be determined by the Issuer and the relevant Dealer at the time of issue in accordance with prevailing market conditions. Nationwide Covered Bonds LLP (the LLP) has guaranteed payments of interest and principal under the Covered Bonds pursuant to a guarantee which is secured over the Portfolio (as defined below) and its other assets. Recourse against the LLP under its guarantee is limited to the Portfolio and such assets. Covered Bonds may be issued in bearer or registered form. The maximum aggregate nominal amount of all Covered Bonds from time to time outstanding under the Programme will not exceed €45 billion (or its equivalent in other currencies calculated as described in the Programme Agreement described herein), subject to increase as described herein. The Covered Bonds may be issued on a continuing basis to one or more of the Dealers specified under "Overview of the Programme" and any additional Dealer appointed under the Programme from time to time by the Issuer (each, a Dealer and together, the Dealers), which appointment may be to a specific issue or on an ongoing basis.
    [Show full text]
  • 1900 Deliveries
    VVP issue 1 – 5 January 2004 4 - ICT/ICL 1900 in the Market 4.1 – 1900 deliveries The following chart was presented by Brian Procter and Virgilio Pasquali, after extensive research, at the ICT/ICL 1900 seminar in May 1996 (Science Museum – London). It maps the delivery period versus performance of each 1900 model in its successive manifestations (see Sect.1.4), the relative position of the successive enhancements and their relationship with their predecessors and with each other. The 2903/4 and the ME29 Ranges, though not, strictly speaking, part of the 1900 Range, are included for completeness. 4.2 - Approx. Quantities delivered. Systems Quantities Market Life 1901 250 1966-69 1902,1903 300 1965-69 1904,1905,1909 100 1965-1967 1904/5 E/F 100 1966-1969 1906, 1907 (+1906/7 E/F?) 50 1965-1969 Systems Quantities Market Life 1901A,1901S 600 1969-74 1902A,1903A,1903S,1901T,1902T 1000 1969- 1904A,1903T,1904S Over 800 1970- 1906A,1906S 25 1970-1975 Systems Quantities Market Life 2902,2903,2904 Close to 3000 1975- 4.3 – Customers list and Applications No list of 1900 customers or other records of customer deliveries or customers’ applications have been found in the various document archives researched so far. A list from the 1900 Users Group follows in 4.3.1. Additionally, a partial list of customers, including some details, is in the process of being compiled from input of colleagues involved at the time, and is included in 4.3.2. These two overlapping lists have not yet been correlated.
    [Show full text]
  • Digital Solution Helps Drive Nationwide Building Society's Aim to Become
    CASE STUDY Financial Services Digital solution helps drive Nationwide Building Society’s aim to become 90% paperless 42 million Accessible by 90 million images available 6,000 members of staff images scanned About Nationwide Building Society Nationwide Building Society’s origins lie in the Provident Union Building Society (Wiltshire, 1846), the Northampton Town & County Freehold Land Society (Northampton 1848), and the co-operative movement in London (1884). Following numerous mergers, most importantly the merger with Anglia Building Society in 1987 and the Portman Building Society in 2007, Nationwide Building Society is the now the world’s largest mutual financial institution, the UK’s second largest mortgage provider, and one of the UK’s largest savings providers. The Callenges Why EDM? Nationwide Building Society’s long history and successful growth When Nationwide Building Society merged with Portman in 2007, through a number of mergers and acquisitions meant that it had EDM Group already had a well-established relationship through accumulated millions of documents and microfiche images over time its work with both the Staffordshire Building Society and Portman that were difficult to access and manage. Its aim was to become itself, providing a range of document management services. As a paper-free in order to: result of this relationship, EDM was able to engage with Nationwide Building Society’s business logistics and operations teams, who had Meet regulatory compliance requirements responsibility for implementing a consolidated document archive and Provide the highest quality service to customers retrieval solution. Free up and realise expensive real estate in multiple locations Nationwide Building Society’s objectives from the solution were to address current business needs, provide for future digital Revolutionise working practices without adding to its cost base transformation requirements and meet all regulatory standards for data storage, data privacy and data management.
    [Show full text]
  • The Oxford Blue Book Michaelmas Term I968
    THE OXFORD BLUE BOOK MICHAELMAS TERM I968 ms port- Restaurants 'VWa^,A?aps3port* £ Wrf°ert8 1 t Exhi^iti ^Clothes " Plays .f.xo^® M„+n THE OXFORD BLUE BOOK Number 6 Circulation 7000 EDITORIAL OFFICE: 74 Woodstock Road, Oxford. LONDON ADVERTISEMENT OFFICE: 4 Fitzroy Square, W. 1. Tel. EUSton 4455. MANAGING EDITOR: Stephen Foster (Magdalen) ASSOCIATE EDITOR: Adrian Tayler EDITORIAL STAFF: Chris Osland (Hertford), Jonathan Murray, Maggie Smith (St. Hugh's) ADVERTISING: Stephen Foster, Adrian Tayler ARTWORK: David Gamblin INDEX Art 25 Music 28 Bands 30 NUS Concessions 34 Buses 39 Organisations 3 c; Cafes 4 Plays 3265 Coaches 39 Postal Information 35 Dress Hire 30 Printing 35 Films 27 Restaurants 4 Halls for Hire 30 Sport 29 Hotels 32 Telephone Nos. 33 Information 32 The Press Local Communications 9 Trains 49 Map of Oxford City 22-23 Transport 39 Motoring 34 Typing and Duplicating 43 Maison Francaise 10 Although every attempt is made to ensure that information given in this book is accurate ,m>l impartial, the Editor cannot accept any responsibility for loss or inconvenience caused by inloiiii.nl> supplied to him incorrectly, or which has become incorrect through lapse of time, clcrlal 01 min i >- Published by Pergamon Press Ltd. Printing by Bletchley Printers; binding by Henry Brooks (i »xbn.I) I '* Bring your grant cheque to the Midland Use it to start a bank manager for bank account with advice—and help the Midland. Then —on your finances. we’ll very quickly And while you're a give you a cheque full-time student-, book with which to you won’t be asked draw cash or-pay to pay a penny in bills.
    [Show full text]
  • Property Law Cases
    TABLE OF CASES UK Cases ...................................................................................................................................... 2 A B C D E F G H I J K L M N O P Q R S T U V W X-Z US Cases ...................................................................................................................................... 81 A B C D E F G H I J K L M N O P Q R S T U V W X-Z Australian Cases ....................................................................................................................... 168 Canadian Cases .......................................................................................................................... 171 New Zealand Cases ................................................................................................................... 174 1 back to the top TABLE OF UK CASES A A Ketley Ltd v Scott [1981] ICR 241, 130 NLJ 749 Abbey Homesteads Group Ltd v Secretary of State for Transport (1982) 263 EG 983, 264 EG 151, 154, [1982] 2 EGLR 18 (LT) Abbey National Building Society v Cann [1991] 1 AC 56, [1990] 1 All ER 1085 (HL) Abbey National Building Society v Cann [1991] 1 AC 56, [1990] 1 All ER 1085, 1101 (HL) Abernethie v AM and J Kleiman Ltd (1969) 211 EG 405, [1970] 1 QB 10 Abram Steamship Co v Westvill Shipping Co [1923] AC 773, 781 (HL) Ackland v Lutley (1839) 9 Ed & El 879, 894, 112 Eng Rep 1446 Acton v Blundell (1843) 12 M & W 324, 152 Eng Rep 1223 Adagio Properties Ltd v Ansari [1998] 35 EG 86 (CA) Adams and Wade Ltd v Minister of Housing and Local Government
    [Show full text]
  • File/257007/Mortgage-Landlords-Possession-Bulletin- Q3-2013.Pdf> Accessed 31 December 2013
    Residential mortgages: The legalities surrounding default and repossession. HUSSAIN, Aansa Iram. Available from the Sheffield Hallam University Research Archive (SHURA) at: http://shura.shu.ac.uk/20728/ A Sheffield Hallam University thesis This thesis is protected by copyright which belongs to the author. The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the author. When referring to this work, full bibliographic details including the author, title, awarding institution and date of the thesis must be given. Please visit http://shura.shu.ac.uk/20728/ and http://shura.shu.ac.uk/information.html for further details about copyright and re-use permissions. LEARNING CENTRE COLLEGIATE CRESCENT SHEFFIELD S10 2BP 102 145 930 5 REFERENCE ProQuest Number: 10702826 All rights reserved INFORMATION TO ALL USERS The quality of this reproduction is dependent upon the quality of the copy submitted. In the unlikely event that the author did not send a com plete manuscript and there are missing pages, these will be noted. Also, if material had to be removed, a note will indicate the deletion. uest ProQuest 10702826 Published by ProQuest LLC(2017). Copyright of the Dissertation is held by the Author. All rights reserved. This work is protected against unauthorized copying under Title 17, United States C ode Microform Edition © ProQuest LLC. ProQuest LLC. 789 East Eisenhower Parkway P.O. Box 1346 Ann Arbor, Ml 48106- 1346 Residential Mortgages: The Legalities surrounding Default and Repossession Aansa Iram Hussain A thesis submitted in fulfillment of the requirements of Sheffield Hallam University for the degree of Masters of Law August 2014 CONTENTS Table of Statutes Table of Cases List of Abbreviations The Date of the Law INTRODUCTION CHAPTER 1.
    [Show full text]
  • Bench Brief of the Receiver Re
    COURT FILE NUMBER 1401-12431 Clerk’s Stamp COURT COURT OF QUEEN’S BENCH OF ALBERTA JUDICIAL CENTRE CALGARY APPLICANT ACCESS MORTGAGE CORPORATION (2004) LIMITED RESPONDENT ARRES CAPITAL INC. DOCUMENT BENCH BRIEF ADDRESS FOR SERVICE McCarthy Tétrault LLP AND CONTACT Barristers and Solicitors INFORMATION OF PARTY Suite 4000, 421 - 7th Avenue S.W. FILING THIS DOCUMENT Calgary AB T2P 4K9 Attention: Walker W. MacLeod / Theodore Stathakos Phone: 403-260-3710 / 3568 Fax: 403-260-3501 Email: [email protected] / [email protected] BENCH BRIEF OF ALVAREZ & MARSAL CANADA INC. APPLICATION TO DETERMINE CLAIMS IN RESPECT OF THE GRAYBRIAR FUNDS, TO BE HEARD BY THE HONOURABLE MR. JUSTICE C.M. JONES ON SEPTEMBER 21, 2018 AT 10:00 A.M. McCarthy Tétrault LLP Bishop & McKenzie LLP 4000, 421 – 7th Avenue SW #2200, 555 – 4th Avenue SW Calgary, Alberta, T2P 4K9 Calgary, Alberta, T2P 3E7 403-260-3500 403-237-5550 W.W. MacLeod K.L. Okita T. Stathakos Counsel to Alvarez & Marsal Canada Inc., in Counsel to Terrapin Mortgage Investment its capacity as court-appointed receiver of Corp. Arres Capital Inc. Demiantschuk Burke & Hoffinger LLP 1200, 1015 – 4th Street SW Calgary, Alberta, T2R 1J4 403-252-9937 J. Burke, Q.C. I. Tharani Counsel to the Related Parties 213575/498357 MT DOCS 18289550v5 TABLE OF CONTENTS I. INTRODUCTION.................................................................................................................3 II. STATEMENT OF FACTS....................................................................................................4
    [Show full text]
  • PPI Policy Lenders V2
    Cheval Legal PPI Policy Lenders AA Choice Abbey CitiFinancial Ace Citroen Motor Company Plc Adams Close Motor Finance Additions Direct Clydesdale and Yorkshire Bank Advantage Finance Comet - Store Card Alliance & Leicester Coventry Building Society Ambrose Wilson Creation Consumer Finance American Express Creation Financial Services Anglia Building Society Cumberland Building Society Aqua Currys - Store Card Argos Card Dale Street Shopping Asda - Credit Card Debenhams - Credit Card Asda - Store Card Debenhams - Store Card B&Q - Credit Card Derbyshire Building Society B&Q - Store Card DFS - Store Card Bank of Ireland Dickens - Store Card Bank Of Scotland Direct Auto Financial Services Barclaycard Direct Line Barclays Dorothy Perkins - Store Card Beneficial Bank Dunfermline Building Society Beneficial Finance Egg Bentalls - Store Card Empire Stores Birmingham Midshires Endeavour Personal Finance Limited BlackHorse Etam - Store Card Blemain Finance Limited Evans - Credit Card Bradford & Bingley Building Society Evans - Store Card Bristol & West Everyday Loans Ltd Britannia Building Society Express Gifts Ltd British Credit Trust Faith Shoes Burton - Store Card Fashion World Cahoot FCE Bank Plc Canada Square Operations Fifty Plus Capital Bank First Direct Capital One First National Bank Central Trust First Plus Chelsea Building Society First Trust Bank Cheltenham & Gloucester Flybe Cheshire Building Society Ford Credit Page 1 of 3 Cheval Legal PPI Policy Lenders Freemans Public Limited Company Lloyds Funding Corporation Loans.co.uk Future
    [Show full text]
  • Banbury Conservation Area Appraisal July 2017
    Banbury Conservation Area Appraisal July 2017 Development Management Contents Contents Page No. Executive Summary 4 1. Introduction and Planning Policy Context 6 2. Location 9 3. Geology and Topography 10 4. Archaeology 12 5. History and Development 14 6. Historic Maps and Photographs 19 7. Architectural History 26 8. Character Areas 29 9. Medieval core 31 10. Church precinct 36 11. Main route corridor 40 12. 19th century suburbs (East) – Newlands 47 13. 19th century suburbs (East) – Calthorpe 53 14. 19th century suburbs (South) – Milton Street, Crouch Street 58 15. 19th century suburbs (West) – Queens Road area 62 16. 19th century suburbs (West) – West Bar area 66 17. 19th century suburbs (North) – Neithrop, Warwick Road, Castle Street 70 18. Large villas in grounds 75 19. Late 19th and early 20th century villas Oxford Road and Bloxham Road 79 20. Materials and Details 84 21. Design and Repair Guidance 86 22. Opportunities and Options for Regeneration 88 23. Effects of Conservation Area designation 95 24. Conservation Area boundary justification 97 25. Bibliography 99 26. Acknowledgements 102 Appendix 1: Policies 103 Appendix 2: Listed Buildings 105 Appendix 3: Banbury Local Heritage Assets 116 Appendix 4: Article 4 Direction 121 Appendix 5: Public consultation 128 2 Figures Page No. Fig 1 Aerial Plan p7 Fig 2 Aerial Plan p8 Fig 3 Location map p9 Fig 4. Topographical map p10 Fig 5. Geology map p11 Fig 6. Archaeology p13 Fig 7. Plan of Banbury 1441 p15 Fig 8. Banbury circa 1800 p16 Fig 9. Historic map of 1882 p19 Fig 10. Historic map of 1898 p19 Fig 11.
    [Show full text]
  • Index of Firms
    INDEX OF FIRMS ISVA The professional Society for Valuers and Auctioneers INDEX ADA-Ama ADAS, Caernarfon ................ 339 Alan De Maid Ltd, Chislehurst ....... 65 ADAS, Huntingdon ............... 123 Alan Kirkham, Oldham ............ 233 AMEC Developments Ltd, Manchester Alan Stace & Co, Hastings ......... 106 ............................... 212 Alan Thomas, Newcastle Emlyn .... 346 ARC Ltd Southern Region, Witney .. 318 Alan W Scarisbrick Estates, Parbold . 237 ARC (Northern) Ltd, Wetherby ..... 312 Albany Homes Ltd, Chigwell ........ 63 ASDA Property Holdings PLC, Alcocks, Hereford ................ 112 London WI .................... 189 Alder King, Bristol ................. 42 Abbey Life Assurance Company Ltd, Alder King, Gloucester ............. 95 Bournemouth ................... 35 Alder King Consultant Surveyors, Abbey National Building Society, Andover Swindon ...................... 289 ................................. 6 Aldergate Properties Ltd, Nottingham 232 Abbey National Building Society, Hull 122 Aldridges of Bath Ltd, Bath .......... 14 Abbey National PLC, Altrincham ..... 5 Alex Sabbadini Inc, Sacramento ..... 383 Abbey National PLC, Croydon ...... 74 Alex Smith & Co, Birmingham ....... 21 Abbey National PLC, Harrow ...... 106 Alexander & Co, Dunstable ......... 82 Abbey National PLC, Huyton ...... 123 Alexander Reid & Frazer, Downpatrick Abbey National PLC, London SE12 .. 165 ............................... 356 Abbey National PLC, London W12 .. 196 Alexander Spence Ltd, Bangor ...... 355 Abbey National PLC, Newton Abbot
    [Show full text]
  • Downing Association Newsletter and College Record 2017-18
    2018 DOWNING COLLEGE 2018 DOWNING DOWNING COLLEGE April Showers Photograph by Aayush Sonthalia Highly Commended Downing Alumni Photographic Competition Front cover: Morning Shadows Photograph by Serenydd Everden Xxxx xxxxx xxxxx xxxx xxxxxxx xxxxxx xxxxx xxxx xxxxx xxxxx xxx xxxx xxx DOWNING COLLEGE 2018 ALUMNI ASSOCIATION NEWSLETTER MAGENTA NEWS COLLEGE RECORD 2 ALUMNI ASSOCIATION NEWSLETTER 2018 Dan Levy – “Little Red Riding Student” – Highly Commended Downing Alumni Photographic Competition Michael Siu – “Prospect” – Commended Downing Alumni Photographic Competition ALUMNI ASSOCIATION NEWSLETTER 2018 3 IN THIS ISSUE ALUMNI ASSOCIATION NEWSLETTER 2018 OFFICERS AND COMMITTEE 2017–2018 5 PRESIDENT’S FOREWORD 7 ASSOCIATION NEWS 9 Next Year’s President 9 The Main Objects of the Association 11 Contact with the Association 11 The 2017 Annual General Meeting 12 Other News from the Executive 13 The Alumni Student Fund 14 The Association Prize 14 Glynn Jones Scholarships for Business and Management Education 14 Downing Alumni Association Photographic Competition 15 Editorial Acknowledgements 19 COLLEGE NEWS 20 The Master Writes 20 The Senior Tutor Writes 24 The Assistant Bursar’s Report 26 The Interim Development Director’s Report 28 A Change at the Helm 29 An Appreciation of Professor Geoffrey Grimmett 29 A Profile of Mr Alan Bookbinder 32 The Year in Art 34 Forthcoming Events 37 Visiting Cambridge 37 FROM THE ARCHIVIST 41 Unravelling the mystery of Sir Busick Harwood’s bedfellow 41 Remembering the First World War: One Hundred Years Ago 44
    [Show full text]