Investment management arm up 12%
Net inflows into investment management in Q4 2020
Lydia MacDonald brings 35 years of experience to the team
Deputy CIO Tom Beal to take over
2017 and 2018 weak years for start-up activity
CEO critical of industry's short-termist behaviour
Report urges firms to 'recruit for potential rather than polish'
Calls for "new energy and impetus"