Analysts at Stifel have said Electra's long-standing shareholders will be disappointed by the board's decision to migrate from an investment trust to a "corporate" structure as it concludes the first phase of its strategic review.
Announced this morning, the Electra board has decided to internalise all management functions by migrating the structure of the company to a 'corporate' one. The board said this will result in recurring...
'Significant' Brexit transitional deal needed
Rosalyn Breedy, corporate and financial services partner at Wedlake Bell, says UK asset managers should tackle their operating models to develop financial firms fit for the 21st century.
Higher stakes and limited options
Will negotiate for transition period
Sandro Pierri joins as global head of client group