Hoven to depart Adviser Ratings

Adviser Ratings chief executive, Mark Hoven, is returning to ratings house, Standard & Poor’s (S&P).

Hoven parted company with S&P more than a decade ago, but today Adviser Ratings announced that he had resigned his position effective 31 March and would be taking up a new executive role at S&P Global.

The departure of Hoven will see a number of internal movements at Adviser Ratings with Claire Virtue being promoted to Chief Operating Officer, (COO) and with Adviser Ratings founder and chairman, Angus Woods, returning to an executive role as “the primary interface to the market”.

Adviser Ratings non-executive director, Selina Hiew will assume the role of chair.

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Basis Capital, S&P rating was 5 stars in 2007

the way things are going, you will be struggling to find an adviser to rate. If any do survive, they certainly wont need a rating. More likely a waiting list receptionist.

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