Chris Cummings, Chief Executive, TheCityUK, said, “The UK fund management industry is diverse and sophisticated, respected globally and has seen a remarkable recovery post-crisis. According to the report, institutional clients (insurance funds, pension funds, local authority and charity funds) have become increasingly prominent and accounted for around two-thirds of UK funds under management at the end of 2014.
Mr Cummings, added, “The Government has given a long-term commitment to increasing the attractiveness of the fund management sector through its Investment Management Strategy and through close engagement with TheCityUK and the wider industry. As a result, the UK now has a healthy pipeline of around 50 companies interested in setting up an array of fund management and related operations here. We welcomed the relaunch of the Financial Services Trade and Investment Board (FSTIB) earlier this year, and would like to see the fund management industry remain a priority area of focus for the new Government. We look forward to continuing our work with the Government and wider industry to extend the promotion of the fund management sector overseas and further strengthen the UK’s position as an attractive location for international fund management.”
Full press release
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