Industry unconcerned despite exodus of talent to technology firms

‘Significant uptick’

Asset management firms are unconcerned about the exodus of talent to both technology companies and ‘non-traditional’ financial services and are in fact bullish on their prospects.

According to research from Accenture, more than 70% of UK asset management executives have noticed a "significant uptick" of employees departing for technology firms, with a further 60% citing a rise in departure to non-traditional financial services firms. Magellan AP: 2022 a 'tipping point' for asset managers to find a niche or get left behind In spite of this widespread movement, almost all executives (95%) remain confident in the existing talent within their firms, believing they will continue to be successful over the next three-to-five years. Fewer than one in ten (9%) rank t...