Tue, Apr 16, 2024
A A A
Welcome Guest
Free Trial RSS pod
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   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1