TheCityUK: 'Pragmatic' Brexit deal essential for UK to remain leading fund management centre

Increasing competition from EM centres

Increasing competition from fund management centres in Singapore and Hong Kong as well as the continued presence of the US and Japan means it is crucial a "pragmatic" Brexit deal is secured, according to Anjalika Bardalai, chief economist and head of research at TheCityUK.

Commenting in TheCityUK's report, entitled UK Fund Management, Bardalai said an ambitious deal would add to the positive step taken in December last year when the government renewed its Investment Management Strategy. The strategy is a government pledge to improve the UK's attractiveness for foreign clients and clients, something which the report said was vital if the country's fund management industry wants to see continued inflows. HM Treasury backs Asset Management Centres of Excellence in UK universities; Unveils package of measures to boost industry "The UK government is commi...