‘I have never seen an asset management merger which has worked’

From his current vantage point as a non-executive director of Coronation Fund Managers, Neil Brown makes what might seem an obvious point – that all successful asset managers need to be investment led. ‘Significant staff ownership, both financially and in the investment process, is essential,’ he told Citywire South Africa in an interview. But, he said, it isn’t a given.

’ But Old Mutual lost faith in the boutique model after 2015 and reconsolidated its boutiques under the Old Mutual brand; Brown and Hasson were given the option of either closing down or starting an independent Electus without Old Mutual’s backing. Electus’s closure in mid-2020 is one of the rare instances in which a South African asset manager has closed down altogether. ‘We accepted that with barely R2bn under management, the business did not make economic sense,’ said Brown.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Akani’s R1.1bn acquisition of Nicolway Shopping CentreAkaniProperties’ R1.1 billion acquisition of the 23 000m² Nicolway Shopping Centre may serve as the group’s flagship given the centre’s location in affluent Bryanston in Johannesburg’s northern suburbs. Moneyweb PropertyNews CompanyNews
แหล่ง: Moneyweb - 🏆 5. / 77 อ่านเพิ่มเติม »