Fri, Sep 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Kinetic Partners survey: Financiers don’t feel confident about future structure for regulating financial services in the UK

Friday, September 10, 2010
Opalesque Industry Update - A survey conducted by Kinetic Partners of senior figures in the asset management, banking and broking industry shows a lack of confidence in the future structure for regulating financial services in the UK. Two-thirds were not confident that the post-FSA structure within the Bank of England will be better than the existing situation.

In addition, 57% cited regulation, including the impact of different global standards, as being the greatest challenge to the industry over the next three years. Over 80% of respondents believe that London will maintain its pre-eminence as the centre for the industry over the next three years. In terms of global growth 79% predicted that the Asia Pacific will experience the most dramatic growth over the next five years.

The survey was conducted this week at Kinetic Partners’ 5th anniversary event at the Museum of London. Over 400 members of the asset management, banking and broking industry gathered to celebrate the Firm’s success. In 2010 alone, Kinetic Partners has enjoyed growth of over 25% in terms of revenue and clients. The Firm expects continued growth and plans to expand their reach further by entering the Asia market, with a Hong Kong office set to open early 2011.

Julian Korek, a Founding Member of Kinetic Partners, said: “We work in an exciting, dynamic industry at best, but the last two years have been, without a doubt, two of the most turbulent years for the financial services in decades. It is of concern to note there is such uncertainty in the market as to the most appropriate regulatory structures to ensure the success and growth of our sector.”

(press release)


Kinetic Partners LLP is a global professional services firm providing a range of audit & assurance, tax, consulting, forensic & corporate recovery services to the asset management industry. Kinetic Partners operates out of offices in London, Dublin, Grand Cayman, New York and Geneva. Source


Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as

  2. "Hedge fund industry needs to shrink"[more]

    Komfie Manalo, Opalesque Asia: Writing for CNBC, Josh Brown, creator of The Reformed Broker blog and financial advisor for Ritholtz We

  3. Strategy - Voyager Management wants to invest in smaller hedge funds[more]

    From Valuewalk.com: Voyager Management, a $475 million fund of funds, is looking to downsize the hedge fund’s in which they invest, looking for smaller funds with assets under management that enable the fund to be nimble. The fund is looking for noncorrelation and will consider long / short equity

  4. Asia - Quant hedge funds are China's hot new export, Europe banks return to Korean brokerage market; target debt, alternative products[more]

    Quant hedge funds are China's hot new export From Bloomberg.com: Add China’s quant shops to the list of hedge funds branching out across Asian markets. Quantitative money managers from the world’s second-largest economy are opening offshore funds at a never-before-seen pace, according to

  5. Hedge funds pull back from Deutsche Bank[more]

    Bailey McCann, Opalesque New York: Hedge funds are pulling some of their business from Deutsche Bank, according to a Bloomberg report. People familiar with th