Goldmans' Phillips: 'There will be losers' as MiFID II pushes larger sums to fewer funds
Goldmans awarded eight mandate over past six months
Boutique firms face further pressure as a result of MiFID II implementation as the rulings are pushing larger pools of money to fewer managers, and could lead to further consolidation throughout the asset management industry, it has been warned.
Goldman Sachs Asset Management's head of international retail client business Nick Phillips said his firm has seen evidence of an increase in the number of mandate being outsourced to the firm - it has...
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