SVS Securities CEO banned and fined

Demetrios Hadjigeorgiou barred from working in senior management positions

Jenna Brown
clock • 2 min read

The Financial Conduct Authority has banned former SVS Securities CEO Demetrios Hadjigeorgiou from working in financial services senior management positions and fined him £56,400.

Hadjigeorgiou was CEO and director of discretionary fund manager SVS Securities.  The FCA said Hadjigeorgiou had failed to properly manage SVS and protect its customers' interests.   It explained that while he was in charge of the DFM, it invested customers' money, including pension savings, "in high-risk products while receiving significant payments from the companies that issued them".   It added that Hadjigeorgiou also failed to challenge a decision that reduced the value of customers' bond investments by 10% when they decided to sell them.  The FCA said this move had generat...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

What the FCA's Mills review means for financial services

What the FCA's Mills review means for financial services

Regulatory expectations will need to evolve as AI becomes more autonomous

Jessica Caws and Cheryl Tham
clock 07 September 2026 • 6 min read
AI and compliance: Charging for advice or administration?

AI and compliance: Charging for advice or administration?

Efficiency doesn't remove accountability

Gareth Fatchett
clock 03 September 2026 • 3 min read
FCA warns of Flagstone clone

FCA warns of Flagstone clone

Notice issued to alert consumers

Jenna Brown
clock 03 September 2026 • 3 min read