Students at St Peter’s College are facing upheaval at the start of term following problems with building work.Renovation work on a staircase housing twelve students, many of whom are finalists, has been pushed back four weeks after builders discovered asbestos inside the structure.Completion of the work is also being delayed by planning permission problems with the council, due to the listed status of the building.The Rowcroft Building, which overlooks the college’s LintonQuad, is a Grade II listed building that was built in 1928. The improvements, when completed, will add an ensuite shower and toilet to each room, and a kitchen to each floor.The affected students have to find alternative accommodation as their rooms won’t be ready until at least 3rd week of Michaelmas term. The college has offered £200 and bus fares to students who are able to find their own accommodation, whilst some are being housed in the college’s accommodation.OUSU Rents and Accommodation officer Jamie Susskind said “OUSU is here to speak up for any student who feels they have been treated insensitively or unfairly, and we are prepared to take action on a case-by-case basis. I have not yet received any calls from St. Peter’s regarding this specific issue, which is the unhappy result of deeply unfortunate circumstances.“Authorities at St. Peter’s must take action to sort this out immediately, and if there is any evidence that they are not doing so, OUSU will put pressure on the college to make sure it meets its responsibilities. With regard to individual cases, I will do all I can to help and support those who request assistance. I do hope that this problem goes away as rapidly as it should, so that students at St. Peter’s can resume their normal accommodation.”Students expressed sympathy for the displaced finalists. Clare Bucknell, Magdalen third year said, “I would be really angry if this happened to me.”The college authorities were not available for comment.
Following the expansion of its services to other European clients, Northern Trust has appointed John Cargill as head of depository services fore Europe, the Middle East and Africa.Cargill joined from HSBC in London, where he was head of trustee and fiduciary services.Northern Trust has named Alastair Hay as head of depository services in the UK.Hay has been working with the company since January, after he left NatWest as head of the trustee and depositary services division.Leading the company’s activities in the Netherlands is Stefan Kort, who joined from RBC Investor Services in Luxembourg.Before then, De Kort worked for ABN Amro and Mellon Bank NA.De Kort is supported by Margot Six, who left Bouwfonds Real Estate Management, part of Rabobank Group, where she was a senior legal counsel.Northern Trust added that Stephen Baker would be responsible for the overall operational management of its services in EMEA from Limerick.Baker joined Northern Trust in 2011, following its acquisition of Bank of Ireland Securities Services, where he was head of custody servicing.Northern Trust Global Fund Services provides custody, fund administration, investment operations outsourcing and ETF solutions.Worldwide, the Chicago-based company has €3.7trn in assets under custody and €591bn in assets under managemen Northern Trust is to expand its depository services in the UK and the Netherlands to support European fund managers implementing the Alternative Investment Fund Managers Directive (AIFMD).Also with the view of enlarging its services across multiple fund types, asset classes, fund localities and investment strategies, it has created five new senior positions across Europe.Northern Trust has been operating in Ireland since 2000 and Luxembourg since 2004, as well as on the Channel Islands.Toby Glaysher, head of global fund services at Northern Trust, said: “Our AIFMD pan-European depository capabilities are designed to provide the best in class services for our clients, enabling them to comply and take full advantage of the new regulatory landscape.”