Financial Conduct Authority (FCA) – The UK regulator has hired
Sacha Sadan, most recently director of stewardship at
Legal & General Investment Management, as director of environmental, social and governance, a new role.
The FCA said he would develop and advocate for the FCA’s approach to sustainable finance both in the UK and internationally. He will also lead the development of policy to help ensure the long-term safety and soundness of firms, the proper functioning of markets, and consumer protection.
“The FCA is rightly seen as an international leader on the role financial regulation should play in delivering a more sustainable and greener future,” said Nikhil Rathi, chief executive officer of the FCA. “We welcome the recent addition to our remit of a requirement to have regard to the UK target of net zero carbon emissions. I am delighted to have someone of Sacha’s experience and insight joining us to help us accelerate this important work.”
Trillium hires 2 to lead expansion into U.K.
Print
Ian Warmerdam joined impact-driven ESG firm Trillium Asset Management as lead portfolio manager, as part its launch into the U.K.
The firm also hired
Jamie Martini as portfolio manager and named
Graham Kitchen as chairman of the U.K. board, a spokeswoman confirmed. All three roles are new.
Messrs. Warmerdam and Martini are based in Edinburgh and are supported by distribution and compliance staff in London and Edinburgh. They are responsible for leading the launch of new global ESG equity strategies. The firm will look to increase its headcount in the U.K. and Europe over the coming months, the spokeswoman added.
A major bank has halved its property price growth forecast for next year and is now bracing for prices to fall in Australia s biggest cities as lending rules are tightened.
As recently as February, Westpac predicted prices in Australian capital cities would surge by 10 per cent in 2021 followed by a 10 per cent increase next year.
But on Tuesday, Australia s second biggest bank revised its forecast to have prices grow 15 per cent this year, before slowing to just 5 per cent in 2022 as the banking regulator tightened rules on investor loans.
Sydney, Melbourne, and Hobart were expected to grow at a 5 per cent pace next year, before prices in 2023 fell by 1 per cent in both the NSW and Victorian capitals.
21
st April 2021 9:13 am
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Quilter’s beating heart
Quilter was always hoping its new platform would deliver for it and early signs show the firm has plenty to be pleased with.
Having exceeded monthly sales of £1bn for the first time, Quilter’s boss reiterated his message that the platform is the “beating heart” of the business.
Class of 2021
Ensuring clients have enough money to last them the rest of their life after retirement is a conversation which crops up time and time again for advisers.
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