Post by andrewholgate on Nov 12, 2014 15:52:01 GMT
This may have been missed but some have picked up from Companies House that Paul Moore has left the business.
Paul Moore is someone you can rely on to speak out when there’s a better or more ethical way of doing things. When he shot to prominence in 2009, it was for doing something that few had dared to do – speak out against some of the worst excesses in banking, which would precede the most serious recession in a generation. Acting with integrity is what Paul has built his career on – and his work with Assetz Capital is testament to that.
In 2005, Paul told the board of HBOS of his concerns that a fierce sales culture was leading to unnecessary risk and putting the bank in serious danger. Rather than listen to his warnings, the board chose to sack Paul and carry on regardless. The bank failed spectacularly shortly after, fundamentally because of the very concerns that Paul had raised. Paul went on to deliver valuable written evidence to parliament while the then CEO, James Crosby, was stripped of his knighthood and memorably excoriated on Newsnight, with Paxman introducing him as “the prominent incompetent”.
In almost seven years, we were the only company to have offered him a job after he blew the whistle, despite his obvious expertise and ethical grounding. Our intention has always been to provide a better alternative to banking, and having someone with Paul’s knowledge and beliefs in the early stages of Assetz Capital has proven extremely useful in achieving this goal.
For us, Paul’s remit at Assetz Capital was very clear. We are an alternative to all the bad things associated with banking. We are transparent. We do business ethically – this applies to both borrowers and lenders. We want everyone to benefit in some way. We’re a better way of doing banking. This defined Paul, so he instilled it across the business from day one – ensuring all of our staff knew that this must be the way Assetz Capital is run, not just for the first year, but forever.
Having set us in good stead, his initial two-year project at Assetz Capital has now come to an end and his priority is to continue to reform the wider financial industry. His work in encouraging whistleblowers continues, and he’s midway through a book that will ruffle some feathers in the banking industry – “Crash! Bank! Wallop! The Memoirs of the HBOS Whistleblower” – which charts the downfall of HBOS and promises to be an enlightening read.
We look forward to our signed edition! The team wants to thank Paul for all of his insight, wisdom and guidance.
From all at Assetz Capital
Paul Moore is someone you can rely on to speak out when there’s a better or more ethical way of doing things. When he shot to prominence in 2009, it was for doing something that few had dared to do – speak out against some of the worst excesses in banking, which would precede the most serious recession in a generation. Acting with integrity is what Paul has built his career on – and his work with Assetz Capital is testament to that.
In 2005, Paul told the board of HBOS of his concerns that a fierce sales culture was leading to unnecessary risk and putting the bank in serious danger. Rather than listen to his warnings, the board chose to sack Paul and carry on regardless. The bank failed spectacularly shortly after, fundamentally because of the very concerns that Paul had raised. Paul went on to deliver valuable written evidence to parliament while the then CEO, James Crosby, was stripped of his knighthood and memorably excoriated on Newsnight, with Paxman introducing him as “the prominent incompetent”.
In almost seven years, we were the only company to have offered him a job after he blew the whistle, despite his obvious expertise and ethical grounding. Our intention has always been to provide a better alternative to banking, and having someone with Paul’s knowledge and beliefs in the early stages of Assetz Capital has proven extremely useful in achieving this goal.
For us, Paul’s remit at Assetz Capital was very clear. We are an alternative to all the bad things associated with banking. We are transparent. We do business ethically – this applies to both borrowers and lenders. We want everyone to benefit in some way. We’re a better way of doing banking. This defined Paul, so he instilled it across the business from day one – ensuring all of our staff knew that this must be the way Assetz Capital is run, not just for the first year, but forever.
Having set us in good stead, his initial two-year project at Assetz Capital has now come to an end and his priority is to continue to reform the wider financial industry. His work in encouraging whistleblowers continues, and he’s midway through a book that will ruffle some feathers in the banking industry – “Crash! Bank! Wallop! The Memoirs of the HBOS Whistleblower” – which charts the downfall of HBOS and promises to be an enlightening read.
We look forward to our signed edition! The team wants to thank Paul for all of his insight, wisdom and guidance.
From all at Assetz Capital
