There is a persistent “underlying sense of uncertainty” in financial services which will likely continue for the remainder of this year, according to Defaqto CEO John Milliken.
Speaking today (12 September) at Defaqto's Smarter Financial Decisions conference, Milliken said CEOs across the sector faced significant challenges, with many losing their positions as firms grappled with economic pressures. Despite these difficulties, Milliken highlighted the resilience of the asset management sector, pointing to increased net flows. However, he underscored a persistent "underlying sense of uncertainty" was likely to continue, influenced by global events like the Ukraine war and the upcoming US election. Commenting on the financial services landscape closer to ho...
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