New campaign to defend UK’s £1.65bn asset management sector


Monday 07 February 2022 06:00

The City of London Corporation is launching a campaign to promote the UK as a global center for investment management.

Britain is the second largest center for investment management in the world, accounting for around 15% of the roughly £11bn of assets under management worldwide. The City of London Corporation today announced the launch of Global Investment Futures, a campaign run jointly with the Department for International Trade and the Investment Association, which aims to promote and showcase the strength of the United Kingdom’s position United in the post-Brexit area.

“Our position at the crossroads of Europe’s largest financial and technology sectors makes us one of the world’s leading innovation hubs,” said Vincent Keaveny, Lord Mayor of the City of London.

“Our unique combination of time zone, language, legal system, global talent and financial services ecosystem makes us a true gateway to global capital and advice,” he continued.

The City of London Corporation’s policy chair, Catherine McGuinness, said “investment management is one of the UK’s great untold success stories”. McGuinness pointed out that the industry directly employs 42,000 people across the country and supports the jobs of at least 72,000 others in related sectors.

“Let us highlight these assets, while continuing to build on them. We can be proud of the services the UK can provide,” said McGuinness.

“The UK is home to the greatest investment managers in the world,” said Chris Cummings, chief executive of the Investment Association.

“The industry is at the forefront of innovation in a market with a global outlook, high management standards, supportive regulation, and a diverse, talent-rich culture – and where people are focused on customer needs,” added Cummings.

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