Germanshepherdsmum
As he wasn’t reported to the police there is no conviction to ever be considered spent so that consideration doesn’t arise. It’s certainly lawful for employers to probe the reasons for unexplained gaps on cvs.
Fund management involves the investment of money and I would consider honesty an important requirement. It’s also an area notorious for drug abuse - very long hours working under stress. Someone with the sort of history mentioned here - not a bit of casual weed smoking but behaviour necessitating warnings, involving criminal damage and eventually resulting in the very rare step of expulsion - and happy to deceive in order to obtain (extremely well paid) employment is not suited to fund management imo.
Yes, I know that in your opinion he is not suitable, but with all due respect it is neither your decision to make, nor for you to sit in judgement over someone you have never met and make decisions about his future.
The question was about whether the university will declare the reason for his leaving. I am still not clear about whether there is a gap in his CV or not - the information has been strangely sparse where it matters - if he took three years over a degree and swapped universities mid-stream then there is no gap. If he left one and then had to go through the applications procedure again to get a place in the other, it is a different matter, as questions may be asked.
In both cases, however, if there had been a conviction, the law would protect both the applicant and the employer by setting out what and for how long the conviction must be declared - our legal system allows offenders to move on. As you say, this matter didn't get that far, so why should he not be able to do the same?