James Bevan on cybersecurity, banks and the housing market

In light of the massive cyber attacks, James Bevan, CCLA Investment Manager and British diplomat, expresses his concern about the underinvestment on cybersecurity from banks and organisations. Such attacks are worrying because they disrupt businesses and compromise customers’ trust, and companies should have security at the top of their agendas. The last years in particular have been pretty negative for British banks. Lloyds is a good example. Their decision to underinvest in cybersecurity is worrying. Banks should incorporate policies on digitalisation and online services and need to up their game in the global banking context, especially compared to Asian banks. James believes that the UK housing market is in crisis due to lack of supply. In London, most new house owners are not British, which raises interesting points around cash flow, says James, considering that the UK is relying heavily on foreign investment. Political circumstances such as Brexit, Trump and May may also provoke changes in housing prices. As a fund manager, James sees investment potential in Asia Pacific, where development is growing. Three weeks ahead of General Elections, James highlights workers’ rights and more long-term competitive opportunities for entrepreneurs.