The future of asset management is one paved with consolidation. That’s if the PwC report is to be believed which forecasts one in six companies won’t exist by 2027.
So, what chance to smaller players have in this increasingly competitive landscape and what lessons could they learn from those that opted to go it alone?
In this new series, Boutique Builders, Citywire Selector has spoken to CEOs, founders and other architects of independent investment firms to understand what personally drove them to follow this path and what triumphs and tribulations they faced upon the way.
The first of this six-part series features Matthew Lamb, who was named chief executive officer of Pacific Asset Management in 2016 when the group accelerated efforts to turn a family-backed venture into a viable alternative to the ‘industrialised’ companies currently offering funds.