Press Centre
Journalists can access media contacts, background information, assets and commentary below.
City Hive is the architect of ACT, the corporate culture standard for investment companies, and a leading authority on the corporate culture of organisations that manage investments.
Media contact
For media enquiries & comment
Natalie Kenway
Director of Communications and Content
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Press releases
- City Hive launches ACT Toolkit to enhance charity trustees’ oversight of asset managers Read more
- Duo of global asset managers become ACT Signatories Read more
- Hargreaves Lansdown, St. James’s Place and Cazenove among the first to adopt ACT Informed designation Read more
- City Hive releases M&A report: Fund gatekeepers find culture is the secret ingredient to a successful marriage Read more
FAQs
Companies that manage investments are entrusted with the savings, pensions and assets of millions of people.
When investment firms face scrutiny, it often reveals questions about culture, accountability and oversight that should have been asked much earlier.
Understanding the culture of these organisations can provide important context for how they operate, how they respond to challenge and how they deliver outcomes for clients and beneficiaries.
Through ACT, City Hive analyses corporate culture reporting from organisations across the investment management industry.
This provides insight into emerging themes, industry trends and how expectations around corporate culture are evolving across the organisations responsible for managing investments on behalf of clients and beneficiaries.
City Hive can provide insight and commentary on:
- Organisational culture within investment management
- Governance and oversight
- Decision-making and accountability
- Stewardship
- Transparency and disclosure
- Due diligence and manager assessment
- When governance fails and the role culture plays in organisational failures
- Investment management industry trends
- ACT and industry adoption
Spokespeople
Bhavini ‘Bev’ Shah is the Founder and Co-Chief Executive of City Hive, an independent think tank focused on culture, governance and stewardship in investment management.
With experience spanning fund manager research and senior roles within major asset managers, Bev brings deep insight into how investment institutions allocate capital, manage risk and govern decision-making. Her work focuses on the impact of corporate culture on market integrity and system-wide resilience.
She is one of the architects of the ACT corporate culture standard for investment companies, now widely used to identify and mitigate corporate behaviour risk and strengthen long-term decision-making across the sector.
Before founding City Hive, Bev held roles at Aviva Investors, Aviva Life and HSBC Investments, and began her City career as an equity trader on the Bear Stearns graduate scheme.
Bev previously served as a Non-Executive Director of The Big Exchange, where she chaired its regulated entity, served as Consumer Duty Champion and was a member of the Nominations Committee.
She is a member of the Guild of Investment Managers and holds the Freedom of the City of London.
Areas of expertise
- Corporate culture and market integrity
- System-wide resilience
- How investment institutions allocate capital, manage risk and govern decision-making
- The ACT corporate culture standard
Can speak on
- Organisational culture within investment management
- Governance and oversight
- Decision-making and accountability
- Stewardship
- Transparency and disclosure
- Due diligence and manager assessment
- When governance fails and the role culture plays in organisational failures
- Investment management industry trends
- ACT and industry adoption
Mandy Kirby is the Co-Chief Executive of City Hive, an independent think tank focused on culture, governance and stewardship in investment management.
With over two decades of experience spanning research and risk analysis, sustainability, investor reporting and standards development, Mandy brings deep expertise in sustainable finance, organisational standards and governance frameworks.
She is one of the architects of the ACT corporate culture standard for investment companies, now widely used to identify and mitigate corporate behaviour risk and strengthen long-term decision-making across the sector.
Before joining City Hive, Mandy was Chief Reporting Officer at the UN-supported Principles for Responsible Investment (PRI), where she advanced global investor reporting and disclosure, and worked with international financial and sustainability standard setters to improve reporting quality. She is the author of the British Standard on Responsible and Sustainable Investment Management (BSI PAS 7341) and was a member of the BSI Strategic Advisory Group for Sustainable Finance.
Mandy brings an investor, corporate and policy perspective to her work. She served as Chair of the Shell Sustainability Report Review Panel, was a member of the HM Treasury- and BEIS-backed City of London Socioeconomic Diversity Taskforce, and previously advised global organisations on risk management and sustainability at Maplecroft.
Areas of expertise
- Sustainable finance
- Organisational standards and governance frameworks
- Investor reporting and disclosure
- The ACT corporate culture standard
Can speak on
- Organisational culture within investment management
- Governance and oversight
- Decision-making and accountability
- Stewardship
- Transparency and disclosure
- Due diligence and manager assessment
- When governance fails and the role culture plays in organisational failures
- Investment management industry trends
- ACT and industry adoption
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