Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Are Asset Managers No Longer the Poor Relations? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 4, 2018

Are Asset Managers No Longer the Poor Relations?

News summary by MFWire's editors

Even as fundsters and other asset management executives are fretting over flows woes and the continued march of passive investing, the broader financial services world seems to have a different take on the asset management industry.

The Financial Times highlights the recent rise of some asset management executives to the top of broader multinationals. The way the FT sees it, insurers and other firms are recognizing the profitability and growth of asset management and reacting accordingly.

The article profiles several leaders along these lines, including: Martin Gilbert and Keith Skeoch, co-CEOs of Standard Life Aberdeen; Ron O'Hanley, the next CEO of State Street; Henrik du Toit, the next co-CEO of Investec; and Shemara Wikramanayake, the next CEO of Macquarie. Another longer tenured example (unmentioned in the article) is Bob Reynolds, who has led Putnam Investments for the past decade and now also leads its parent, Great-West Lifeco U.S.

"When we both started in asset management it's hard to believe what a cottage industry it was," Gilbert says of his and Skeoch's early days. "Asset managers were the poor relations. Now it's a huge worldwide business."

Fundsters see their woes first hand, worrying about continued growth at the passive giants and about rough flows (especially in stock funds). Yet it's easy to forget that, compared to many businesses, asset managers enjoy excellent margins, and that the industry has grown dramatically over the last three decades. 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use