Chancellor meets fund giants for post-Brexit strategy talks

Industry seeks to build ties with the US, Switzerland and Hong Kong

Chancellor Philip Hammond has met with some of the UK's largest fund groups to discuss how the UK can maintain and grow its asset management sector globally in the aftermath of Brexit.

Hammond met with representatives of BlackRock, Fidelity, Jupiter, LGIM and RLAM on Wednesday (19 December) as part of the government and Investment Association's (IA) Asset Management Taskforce (AMT), Investment Week understands. Government meets with top UK asset managers following Brexit White Paper 'disappointment' With less than 100 days to Brexit remaining, the IA meeting, which marked the beginning of the AMT's second year, saw attendees discuss how the UK asset management industry can remain competitive in a post-Brexit world. In addition, external markets of interest for th...