Fund groups' 'responsible' succession planning rewards young talent

Rewarding younger talent

clock • 2 min read

There can understandably be reluctance within some asset management firms to hand funds from well-known names to younger, less experienced managers.

They know many clients take comfort from the fact their money is in a fund run by a 'star' manager with decades of experience, but what about the younger 'rising stars' coming through? Providers have been criticised in the past for not handling succession planning well, although it is a key part of wealth managers' due diligence when they analyse funds. However, the indications are things may be changing, ushering in an era of more responsible succession planning.   It makes sense for providers to have plans in place to reward up-and-coming managers showing promise with their own mand...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on People moves

Trustpilot