SECTOR VOICES


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BAICHUAN LI ETORO POPULAR INVESTOR 2021 award winner: CISI level 4 Certificate in International Advanced Wealth Management


Baichuan would like to see financial services becoming more accessible for all and “more information/protection for investors that are otherwise inexperienced or easily misled”. He is concerned about a general lack of


regulation in “huge new markets such as cryptocurrency and NFTs” and their capacity to dent public confidence in financial services through the experience of investors who have been “misled or even scammed”. His biggest concern about the sector is that “Many new, inexperienced traders are using these new


volatile markets, as well as more traditional volatile instruments such as options, or using leverage to gamble.”


Looking ahead I believe we’ll see accelerated technological innovation as companies strive to stay relevant and in general this is good for consumers. In terms of investing, I believe with high inflation, rising interest rates, and geopolitical concerns, we may see a shift from growth to value in the medium term.


What is a popular investor? Find out in our article about copytrading in the February 2023 print edition


RANDEEP BUTTAR DEPUTY CHAIR OF THE CISI FINTECH FORUM AND FOUNDER AND CEO OF SURETY


Randeep has delivered two expert panels through the CISI Fintech Forum Committee: one on cloud adoption in the sector (cisi.org/cloud) and the other on the importance of ESG data in investing (cisi.org/esgdata). “I primarily work in the data space,” he says. “The measurement of net zero is


ANGELA KNIGHT CBE CHAIR, POOL RE, AND NON-EXECUTIVE DIRECTOR ON MULTIPLE BOARDS


Angela was awarded her CBE in 2007 for services to the financial services sector but considers her greatest career achievement to be “four major career changes”. This began with 18 years in the heavy


engineering industry, followed by her election to Parliament in 1992, where she served as an MP – one of only a “handful of women” – until 1997, and as Treasury Minister from 1995 to 1997. She spent the next 15 years running trade associations, including the British Bankers’ Association from 2007 to 2012, steering it through the global financial crisis, and creating the energy industry body Energy UK in 2012. “Today,” says Angela, “my portfolio of


non-executive directorships means I live an interesting life, but one that is less demanding than 30 years ago. In 1992, I was a new MP with two young sons. I had not much sleep, a new job, and the nightmare of complexities of childcare. To any woman who is reading this and wondering how to fit together their career and children, my


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answer is that it is exhausting and complicated, but can be done so go for it!” However, while the financial services


sector “offers an interesting and changing career, it does have a reputational problem,” says Angela. “The sector needs to improve its communication, be seen to be demonstrably competent and with a diversity that mirrors that of its customers.”


Climate change Financial services has a strong part to play in financing the transition to net zero, which means financing not just more renewables but also more gas extraction from local fields as gas is a transition fuel. A rebuild of nuclear power is needed too and the small-scale stations can be built quickly, are much cheaper than the big stations and so are an investable proposition. But with the net zero programme, the mantra for finance must be to listen to the engineers and to put the emotion to one side – in fact, that should be the mantra for all of us!


THE REVIEW SEPTEMBER 2022


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