This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Dishonesty ruling excludes former UK Barclays exec Kalaris from Saranac CEO role

( August 27, 2024, 12:22 GMT | Official Statement) -- MLex Summary: Thomas Kalaris, the former head of Barclays Wealth, has been banned from taking up a position as chief executive of UK wealth manager Saranac Partners. Kalaris was found to have misled the Financial Conduct Authority in two interviews in 2013 and 2014, and the FCA refused his application to lead Saranac in 2022 on the grounds he wasn't a “fit and proper” person. Saranac appealed to the upper tribunal of the Tax and Chancery Chamber, which today upheld the FCA’s decision. The tribunal said Kalaris had been dishonest and lacked candor. The FCA said it welcomed the ruling.Upper Tribunal decision attached, FCA statement below. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections