The UK's financial services sector must be "reinforced and reinvented" as the country nears its departure from the European Union, according to the Investment Association's (IA) chief executive Chris Cummings.
Cummings called on both fintech and investment management firms to collaborate to bring "a new energy and impetus to our financial services expertise" in the IA's latest Investment Management Survey. The industry body said the sector's international competitiveness was one of four key themes identified by the survey, as it highlighted the importance of UK firms to global investors. The IA said UK investment managers looked after £7.7trn in assets under management (AUM) in 2018 - flat on the total AUM in 2017, but more than the next three largest European centres of France, Germany and...
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