Start-Up of a Large Asset Manager

  • Posted on: 1 June 2018

In late 2013 a prominent investment manager took the decision to establish his own asset management firm. Starting with just one UCITS fund the initial assets under management (AUM) were anticipated to be between £6.5bn and £8bn. At the time this was FCA’s largest asset management start-up, in terms of AUM at outset.

Compliancy Services assisted the senior management team in assembling a complete application for authorisation under strict terms of confidentiality, due to the sensitive nature of the transition. The application was approved within three months of submission to FCA, against an average timescale at the time of over six months.

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