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Aviva Investors hires new CFO

Aviva Investors has hired former Standard Life director David Clayton as its chief financial officer, following the departure of Clifford Abrahams after just six months in the role. Clayton joined the company in December, coming from six years at Standard Life, where he was most recently director of group finance. Clayton will report to Tom […]

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FCA drops HSBC tax evasion probe

The FCA has reportedly ended its investigation into tax evasion at HSBC, with the bank dodging formal action from the regulator. HSBC spent much of 2015 under fire for the actions of its Swiss private bank, which aided more than 1,000 UK customers evade tax between 2005 and 2007. The FCA confirmed in February 2015 […]

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Kames reshuffles strategic bond team

Kames Capital has reshuffled its strategic bond team, appointing Juan Valenzuela as co-manager on the Strategic Bond fund. Valenzuela will work alongside existing managers David Roberts and Phil Milburn on the £665m fund. He will also become the support manager on the £1.1bn Dublin-domiciled Strategic Global Bond fund. Valenzuela joined Kames in October last year, coming from […]

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Tyrie hits out at HSBC over IT failures

Treasury Committee chair Andrew Tyrie has criticised HSBC over continued problems with its online banking service, suggesting there are “systemic” issues with banks’ IT systems. Personal and business account customers were unable to access their accounts on Monday and Tuesday this week, with services returning last night. Customers of HSBC subsidiary First Direct have not […]

In search of value? Banks and the sectors leading Europe’s recovery

By Rob Burnett, head of European equities, Neptune  After nine years of underperformance versus quality growth, Rob Burnett, manager of the Neptune European Opportunities Fund, believes that value strategies have reached an inflection point. Watch Rob discuss why he believes value is well positioned to resume its historical trend of outperformance. Click here to watch […]

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