HM Treasury backs Asset Management Centres of Excellence in UK universities; Unveils package of measures to boost industry

'Backbone of AM capabilities'

HM Treasury has revealed plans to support Asset Management Centres of Excellence in UK universities, in association with the Investment Association, in a bid to address the "current skills shortage" and create a "pipeline of talent" into the asset management industry.

The plan was announced in its report Investment Management Strategy II, published this morning, in which HM Treasury highlighted six key areas of growth for the industry that it would be supporting, including promoting the UK's competitiveness and "ensuring global regulatory coherence". The six areas of growth laid out in the strategy include: • Strengthening the UK's investment management talent pipeline, by supporting the industry to establish Asset Management Centres of Excellence at UK universities across the country • Making the most of the UK's world-leading status in fintech...