SECTOR VOICES
KATE CAPOCCI, CHARTERED MCSI INVESTMENT MANAGER, EVELYN PARTNERS
“Designing and implementing
processes in-house for integrating ESG into the decision-making process” is Kate’s greatest career achievement to date, and she aims to continue working in this area “so that it’s easier for everyone to invest more responsibly”. Looking ahead, Kate is keen to
see a positive outcome from changes happening now in terms of diversity, equity, and inclusion, and responsible finance. This will hopefully result in improved public perception of the sector and encourage new entrants who will see it as an “exciting, inclusive place to work”. Adaptability and agility are two key future skills needed.
Kate joined Evelyn Partners’ graduate scheme in 2015, achieved the CISI level 7 CISI Chartered Wealth Manager qualification in 2017 and in 2021 was listed as a ‘rising wealth star’ in Citywire’s Top 30 under 30 list.
Climate change The biggest emissions for investment firms come from scope 3 (financed emissions). There is a huge amount of work being done in the sector to ensure we understand the progress of underlying companies, which will enable everyone to make better investment decisions and reduce scope 3 emissions.
On looking ahead 30 years I disagree fundamentally
with the view associated with Hegel that the future is mapped out on a sheet of paper that gets unfolded, and that people are either on the right or the wrong side of history. Instead, we must work with probabilities. Nothing is certain, but good judgement means getting the probabilities more right than wrong
SIR DAVID HOWARD FCSI(HON) CHAIR, CHARLES STANLEY LORD MAYOR OF LONDON FROM 2000 TO 2001
PROFESSOR DANIEL BROBY, CHARTERED FCSI CHAIR OF FINANCIAL TECHNOLOGY AT ULSTER UNIVERSITY
Daniel is an internationally recognised finance academic and an expert on the financial applications of blockchain and distributed ledgers. He has written numerous books and peer-reviewed papers on fund management and equity index construction. He has been with the Institute since its
inception in 1992, joining from the London Stock Exchange when it ended individual membership. Over the past 30 years, he has “enjoyed two careers, one in financial services and one in academia”, pursuing “educational and vocational excellence” in both. He considers his PhD in Accounting and Finance, awarded by Strathclyde Business School, to be his greatest achievement. The biggest change Daniel has seen in the
sector over the past 30 years is “the move from investing as an ‘art’ to investing as a ‘science’”. Looking ahead, he thinks “the move to
decentralise finance will accelerate, and central marketplaces will be replaced in part by decentralised ones”. Two important future skills are “a working knowledge of machine learning”
CISI.ORG/REVIEW
and, on the behavioural side, good relationship management. “In 2052, financial services will still be a sector based on trust.”
View on virtual assets I conduct research into these instruments. It’s a very exciting area. NFTs in cryptocurrencies have a role in tokenisation and the transfer of digital assets. They are misrepresented by many as investments, and that distracts from the utility that they do have. Short-term trading in them is speculation,
pure and simple. That said, they do deliver trust in an untrusted environment, and this has a role in finance.
Climate change The emissions trading market is dysfunctional. The pricing of emissions is inefficient. To reduce carbon in the atmosphere, it is necessary to price carbon. Then it can be either taxed or traded. Improved efficiency in these markets will help us progress towards net zero carbon emissions by 2050.
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