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The FCA has banned Demetrios Hadjigeorgiou from working in senior management positions in financial services and fined him £56,400.
Mr Hadjigeorgiou was the former director and chief executive officer (CEO) of SVS Securities Plc (SVS), a discretionary fund manager.The FCA found that Mr Hadjigeorgiou failed to properly manage SVS and protect its customers’ interests.While he was CEO, the firm invested customers’ money, including pension savings, in high-risk products while receiving significant payments from the companies that issued them.Mr Hadjigeorgiou also failed to challe