The Financial Conduct Authority (FCA) has banned a former consultant for Vanguard Asset Management who solicited work from the firm while simultaneously acting as a non-executive director at two mutual societies for which she provided financial advice.
Angela Burns, who was also fined £20,000 for her failure to act with integrity, did not disclose that she was actively trying to win consulting work from Vanguard, while also participating in talks with the mutuals about using the US giant's investment management services. FCA fines and bans 'reckless' Libor rigger Danziger In September 2008, Burns - who was once a fund manager at Standard Life Investments and Dartmoor Capital Management - put forward a proposal outlining the consultancy work she could perform for Vanguard. Burns then took up her roles at Marine and General Life As...
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