Over 200 new firms were authorised by the Financial Conduct Authority (FCA) in February and March and eFinancialCareers have showcased four companies they believe would be the most exciting to work for.
The Financial Conduct Authority (FCA) is a UK regulatory body that works with the government and is financed by charging fees to businesses that are part of the financial services industry. The FCA intends to regulate firms providing financial services in order to maintain the integrity of the markets.
Looking for a new finance role? The four FCA approved companies that Paul Clarke from eFinancialCareers thinks are the most promising to work for are:
Adaxia Capital Partners
Adaxia Capital Partners currently have eight FCA registered employees. They focus on investments in the resource efficiency sector with a fund of €200m. This private equity investor for resource efficiency small or medium enterprises (SMEs) was formed from Climate Change Capita, the private asset management and advisory group founded to develop solutions for climate change. They have invested €1.7 billion in capital, and achieved over 50 trade sales and stock market launches.
Harvest Global Investments
Harvest Global Investments is an international investment arm part of the Chinese Harvest Fund Management Company, an asset management company that was launched in February but have only recently been FCA authorised. This new business will deal with offshore Renminbi trading which is an area London is attempting to get more involved in. At the moment, the company have six FCA registered employees.
This hedge fund was one of the most anticipated of the year and CEO Chris Dale has just received authorisation for his fund, Kintbury Capital. Dale made $450m during nine years working as a trader at New York hedge fund, Millennium Management. According to the Financial Times, Dale’s “sudden departure caused surprise in London’s hedge fund circles as he had managed to last at the firm for so long.” Ex-Millennium employee Nick Xanders also works for Kintbury Capital and former Marble Bar Asset Management employees John Aves and Michael Burton are now the chief operating officers for the company.
Panning UK is a boutique hedge fund set up by former Royal Banks of Scotland non-core markets trader Sajni Shah and former portfolio manager Oliver Davey for Lucidus Capital Partners, an investment management company that specialises in corporate credit. Approved by the FCA only this month, only Shah and Davey work for the company so far meaning that opportunities at this company could be scarce.