City & Corporate: The Week in City & Corporate

Porta Communications to buy 80 per cent of Threadneedle.

Porta Communications, the listed investment vehicle established by Citigate founder David Wright, has agreed to buy 80 per cent of financial PR agency Threadneedle for £3.8m, subject to approval from Porta shareholders. If approved, the agency will be renamed Newgate Threadneedle.

Coutts & Co, the UK private bank, has hired Caroline Wells as PR manager. Wells joins Coutts to drive its PR operation in the UK and abroad after a period of extended maternity leave. Previously, she spent three years at Barclays Wealth and has also worked at FD and Bell Pottinger. Wells' appointment follows that of fellow PR manager Maria Shum, who joined in April this year. Susan Tether started earlier this month as head of comms, PR and activation for RBS' wealth division.

Bilfinger Berger has called in Maitland to support financial comms around the £245m float of infrastructure fund Bilfinger Berger Global Infrastructure. The London listing will raise capital to support fresh investment in 20 infrastructure assets.

London South East, the UK shares and financial information website, has appointed Redleaf Polhill to handle corporate PR.

The account will be led by Marlene Scott, director of Redleaf Polhill's professional and financial services division.

Brammer, the European distributor of engineering products, has appointed Hudson Sandler to lead financial comms. Andrew Hayes, chief executive of Hudson Sandler, will lead the account, reporting to Ian Fraser, Brammer's chief executive.

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