Fund manager revenue to grow at just 1% a year till 2023
Managers will have to shrink core active offer as revenues fall warns Oliver Wyman/Morgan Stanley report
Oliver Wyman
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ANALYSIS: A passporting trade-off looms for Brexit Britain
With Britain’s impending exit from the European Single Market all but confirmed by UK prime minister Theresa May this week, it’s time to face the possible consequences of the announcement for the UK financial sector, and for asset managers in particular.
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Wealth managers expect sweeping changes
European wealth managers are looking to expand the number of operational risk managers, client advisers and product specialists on their payroll while planning to shed middle- and back-office staff.