14 FEBRUARY 1998, Page 22

Bell push

SBC WARBURG Dillon Read (apparently incorporating Christie's) is the investment banking arm of the Untied Bank of Switzerland, or will be as soon as the Swiss authOrities give the go-ahead and half the staff are sacked. Now it perceives itself to have an image problem and is hiring Sir Tim Bell. Quite so: the best thing for a frac- tured arm is Chanel No. 5.