Openwork is to launch a discretionary fund manager (DFM) in April, led by former Tilney Bestinvest head of investment Toni Meadows.
Building on Openwork's existing investment proposition Omnis, the new DFM will offer "cost-effective, tailored" solutions to clients seeking to outsource asset allocation decisions. Omnis has £4.2bn...
Investors have largely avoided financials over the past 10 years, with the share prices of US and European banks having largely stood still relative to broader markets since 2007. But while banks won't return to their record valuations any time soon (and...
Steps already taken
Increasingly diverse sector
First of planned acquisitions
Feedback from first year