There can be little doubt that 2016 has been a tumultuous year, not only in the wider world with the UK’s Brexit
vote and Donald Trump’s surprise presidential election win, but also in the world of
asset management, which has seen a swathe
of senior departures.
The TRADE has counted no fewer than 20
buy-side heads of desk or senior traders at
big name firms leaving their jobs this year.
The scale of the power vacuum at the top
of the industry is unprecedented. However,
we believe there are many more departures
among the smaller asset managers as well
that we simply don’t yet know about.
But what could be the cause of the huge
talent exodus? The TRADE has been looking
into this issue and readers will not be surprised to hear that regulation and technology are likely factors.
Last year has seen a tidal wave of departures in the
industry, The TRADE looks at why there have been so
many changes at the top.