Chancellor Meets Fund Giants For Post-Brexit Strategy Talks

Chancellor of the Exchequer Philip Hammond
Chancellor Philip Hammond has met with some of the UK's largest fund groups to discuss how the UK can maintain and grow its asset management sector globally in the aftermath of Brexit.
Hammond met with representatives of BlackRock, Fidelity, Jupiter, LGIM and RLAM on Wednesday (19 December) as part of the government and Investment Association's (IA) Asset Management Taskforce (AMT), Investment Week understands.
Government meets with top UK asset managers following Brexit White Paper 'disappointment'
With less than 100 days to Brexit remaining, the IA meeting, which marked the beginning of the AMT's second year, saw attendees discuss how the UK asset management industry can remain competitive in a post-Brexit world.
In addition, external markets of interest for the sector, including the US, Switzerland and Hong Kong, were discussed with regard to how the UK industry could build closer ties with them.
The Chancellor spoke with industry members about the barriers to entries for these markets and how best to promote the UK to them.
Also in attendance was IA chief executive Chris Cummings and Economic Secretary to the Treasury John Glen, as well as representatives from the Financial Conduct Authority and other investor groups.
The meeting also saw attendees discuss the AMT's priorities going forward, including skills, socially responsible investing, stewardship and fintech, via the IA's Velocity programme.
More news
Multi-asset lessons from 'With-Profit' funds
PARTNERED INSIGHT: Much of Prudential Portfolio Management Group (PPMG) multi-asset expertise has been built on the same philosophy and values that serve Prudential's With-Profits Fund - a portfolio that has produced positive results over the long term....
Back to Top
Gyrostat Capital Management: The Hidden Architecture Of Consequences
When Structures Themselves Become A Risk In portfolio construction, risk is rarely where we look for it.... Read more
Gyrostat November Outlook: The Rising Cost Of Doing Nothing
Through the second half of 2025, markets have delivered a curious mix of surface tranquillity and instabi... Read more
Gyrostat Capital Management: Blending Managers - From Style Diversification To Scenario Diversification
The Limits of Traditional Diversification For decades, portfolio construction has ... Read more
Gyrostat October Outlook: Beneath The Calm, The Cost Of Protection Rises
Even as global equity indices remain near record highs, the pricing of risk is shifting quietly ben... Read more
Gyrostat Capital Management: Solving The Nastiest Problem In Finance
Retirement Income and Sequencing Risk Executive Summary ... Read more




