London Daily

Focus on the big picture.
Tuesday, Apr 29, 2025

City minister launches asset management tech group amid post-Brexit reforms

City minister launches asset management tech group amid post-Brexit reforms

Andrew Griffith is reconvening the Asset Management Taskforce as part of the Treasury's drive to bolster the City's post-Brexit competitiveness.
The Treasury is launching a fresh drive to bolster Britain's asset management sector during a period of intense scrutiny of the government's post-Brexit plans for the financial services industry.

Sky News has learnt that Andrew Griffith, the City minister, will hold talks on Monday with fund management bosses after deciding to revive a body called the Asset Management Taskforce.

Among those in attendance are expected to be Patrick Thomson, CEO of JP Morgan Asset Management and chair of the Investment Association; Peter Harrison, the Schroders CEO; and Anne Richards; the CEO of Fidelity International.

Representatives from the Financial Conduct Authority and other stakeholders are also expected to attend the meeting.

Sources said Mr Griffith would launch a technology working group examining ways to bolster the UK's asset management sector - one of the City's most important drivers of economic activity.

Michelle Scrimgeour, the chief executive of Legal & General Investment Management, is expected to chair the new working group.

It will look at trends tokenisation, artificial intelligence, distributed ledger technology, and blockchain, and explore their potential deployment across the fund management industry, the sources added.

Mr Griffith's push will come as the chancellor's so-called 'Edinburgh Reforms' target an improvement in the City's post-Brexit competitiveness.

These include an overhaul of the regime which supervises senior executives in the banking sector, and replacing the European Union's Solvency II framework which regulates insurers' balance sheets, which ministers believe will unleash a wave of private sector investment.

The Treasury declined to comment.
Newsletter

Related Articles

0:00
0:00
Close
Liverpool Clinches Record-Equalling 20th English League Title Under Arne Slot
Singapore Politicians Warn Against Foreign Interference in Election
Driver Ploughs into Vancouver Festival Crowd, Killing Nine
Depression, Fear of Defamation, and a Tragic End: New Details on Virginia Giuffre’s Suicide
“Sharia for UK, Allah Akbar!”
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Incident Reflection: A Harsh Reality Check
Pakistani migrants to Danish man: “ “We have 5 children while you have 1 or 2. In 10 years, there will be more Pakistanis than Danes here.“
Clashes Erupt in London as Tensions Rise Between Indian and Pakistani Communities
Specialized anti-drone weapons deployed among security personnel Ahead of Papal Funeral
How do you fix this culture?
Corrupted from Within: How Deep State Power and Unelected Judges Hijacked Democracy Against the Will of the People
President Trump and Ukrainian President Zelensky just held an impromptu discussion on the sidelines of Pope Francis' funeral in Rome.
World Leaders Gather in Rome for Pope Francis's Funeral
Pope Francis Laid to Rest in Rome as World Leaders Attend Funeral
Alberta's Push for Independence Raises Questions About Canada's National Unity
Virginia Giuffre, Prince Andrew and Jeffrey Epstein accuser, dies by suicide
"China has survived for five thousand years, most of it without the United States as a market, and it can easily continue to survive without the U.S. market for another five thousand years — no problem," said a China analyst.
Elites vs. America: How Democrats Lost the Plot and the People
Pam Bondi Details Wisconsin Judge’s Actions Before Arrest: 'Can't Make This Up'
Not Child’s Play: How Competitive Gaming Became a Global Economic Empire
California Surpasses Japan to Become the World’s Fourth-Largest Economy
Peter Navarro: The Man Behind Trump’s Tariff Madness
Milwaukee Judge Arrested on Allegations of Aiding Undocumented Immigrant’s Escape
Former U.S. Congressman George Santos sentenced to eighty-seven months for wide-ranging fraud
Trump administration moves to BAN essentially ALL artificial food dyes in the USA food supply at RFK Jr.'s direction
Woman slaps man at sports game and gets herself and husband beat up
Pope Francis: head of the Catholic church who pushed for social and economic justice
China do not pay these tariffs - you pay it. This is new 145% tax you pay to the US government.
Nightlife in the streets of Manchester
In God We Profit
Cultural Battles in the Vatican: The Candidates in the Battle for the Holy See and Pope Francis's Testament
Global Leaders Pay Tribute to Pope Francis Following His Death
Wild Chimpanzees Observed Bonding Over Alcoholic Fruit
US Federal Reserve Chair Issues Warning on Tariff Impact
UK Prison Officers Demand Electric Stun Guns Amid Safety Concerns
China, China, China!
Australian National Charged as Mercenary for Fighting in Ukraine
Israel Considers Limited Strikes on Iran's Nuclear Facilities Amid Diplomatic Efforts
Prince Andrew Joins Royal Family Attends Easter Sunday Service at Windsor Castle
Saudi Arabia Offers Max Verstappen Unprecedented Deal to Join Aston Martin
Global Pistachio Shortage Amid Rising Demand for 'Dubai Chocolate'
Trump is assembling a coalition of Western leaders aligned with the MAGA vision, strengthening a unified front for global change
IMF Predicts No Global Recession Amid Trade Tensions
Here’s a police officer with a brilliant gift for swift education
"Some complain that we put thousands in prison. In reality, we set millions free."
This is Vienna, Austria in 2025.
Boeing Jet Returns to US from China Amid Tariff War
Canadian Federal Election: Candidates' Positions on US-Canada Relations and Donald Trump
Resentencing Hearing for Menendez Brothers Who Killed Their Parents Delayed Amid Legal Disputes
×