View more on these topics

HL’s FundsLibrary appoints CEO

Business-Handshake-General-Hire-Appointment-700x450.jpgFundsLibrary, the data provider arm of Hargreaves Lansdown, has hired Arun Sarwal as CEO.

Sarwal joins FundsLibrary from SS&C Technologies where he was senior vice president. He was previously CEO of DST Investment Management Solutions, chief operating officer at Scottish Widows Investment Partnership and senior vice president within ABN AMRO’s private clients and asset management business.

Sarwal says: “The fund market has grown 10 times over the last two decades. There is a growing demand for increased granularity and transparency of investment data for fund selection, risk profiling, regulation and for investors, and industry disruption from service providers and technology partners.

“I am looking forward to leading the business in its next stage of growth which will be based on working with clients to broaden our service propositions, further develop our digital analytics capabilities and expand into new markets.”

Ian Gorham, CEO at Hargreaves Lansdown, adds: “Arun has extensive experience developing technology businesses and working in financial services, across a range of industry segments including commercial and investment banking, and asset and wealth management across the globe. To have someone of Arun’s expertise leading the FundsLibrary business demonstrates its importance and the depth of the opportunity that we believe exists in data management, analytics and regulatory services in the fund sector.”



FSA fines Bank of Scotland £3.5m for complaint mishandling

The FSA has fined Bank of Scotland £3.5m for the mishandling of complaints about retail investment products and is forcing it to pay £17m in compensation. Between July 30, 2007 and October 31, 2009, BOS received 2,592 complaints about sales of its collective investment plan, personal investment plan, guaranteed growth bond, Isa investor and guaranteed […]


The collapse in share prices after the horror of September 11 has deprived many who are saving for retirement of as much as 35 per cent of their pension fund. For those with only a few years to go to retirement, this is a disaster. Time is not on their side.But all is not lost. […]

Fed cuts but faces dilemma

The US Federal Reserve’s decision to slash the funds rate by 50 basis points has been welcomed but fund managers warn the cuts are only likely to b a temporary measure due to inflation concerns.The funds rate was cut to 4.75 per cent last week and the discount rate was also cut by 50 basis […]


Can the FCA regulate for a lack of morals?

The financial services world moves on apace, continually evolving and improving in terms of its reputation and value to customers. Over the next 15 months or so we will see the implementation of two significant pieces of regulatory change: Mifid II and the senior managers and certification regime. Whether these end up being contemporaneous in […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment