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FCA fines former H2O deputy CEO £1m and imposes ban

Asset Management Correspondent

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Jean-Noel Alba, the former deputy chief executive of H2O Asset Management, has been fined £1m by the UK regulator and banned from the financial services industry.

The Financial Conduct Authority said Alba “lacked integrity” because he misled the watchdog during its investigation into H2O Asset Management, which focused on investments it had made in companies owned by German financier Lars Windhorst between 2015 and 2019.

UK regulator said Jean-Noel Alba misled it during a probe into investments made in companies owned by German financier Lars Windhorst

David Ricketts

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