People: UK SPA chief joins buy-side boutique

The former retail arm of Catley Lakeman’s Securities, Dura Capital, has been acquired by Zak de Mariveles who now owns 75% of the company's shares. De Mariveles (pictured) who has taken the helm as the firm's new chief executive officer is also chairman of the UK Structured Products Association (UK SPA) and has over 20 years' experience building UK structured products businesses at a number of investment banks, including Barclays, Royal Bank of Scotland and Société Generale.