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2014 Q4 Investment Management Market Update

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The trend of acquisitions continues.... Aviva is en route to taking over Friends life, Man Groups has made a bid for Silvermine and there are rumours that RBS is looking to sell Coutts – all in all a lot of integration work for the future in the Investment Management and Private Banking space. Jupiter managed to offload its Private clients business to Rathbones moving out of the private client space.

This Quarter, the demand for strong Business Process Change Professionals has continued.... Old Mutual Global Investors looking to integrate the Total Returns Team from Ignis and F&C looking to integrate funds within the Bank of Montreal Framework.

Whilst there has been a lot of work in the new acquisition and change of Target operating models, there remains the slow but progressive change in the Digital domain with some firms looking to build or buy Peer to Peer lending sites, and integrate online wealth management platforms within their business.

In this quarter we have seen a strong demand for Change professionals from the big 4 consulting firms specifically within the buy side with Deloitte looking to enter the market more seriously on the advisory side. Quite clearly demand is high for expertise from the Consulting outfits in both boutique and established form.

The regulatory demands for 2014 will continue into 2015 with Mifid II coming into effect and all the repercussions that will inevitably follow for both the front and middle office functions of Investment Managers.