71.82 F
London
June 20, 2024
PI Global Investments
Private Equity

‘Private equity puts management’s toes to the fire’


Private equity interest in the UK wealth management space is far from waning despite higher interest rates, and there is some good to come out of that, says Lawrence Cook.

The industry veteran, who started his first job as a sales manager at Standard Life as far back as 1984, says private equity has a distinctive way of operating, which, when done well, forces managers to stay at the top of their game.

Cook has plenty of experience with private investors, having been a board director at Thesis Asset Management when private equity was brought in.

The business was sold to Sanlam in 2019, which itself was acquired by Oaktree Capital Management and renamed Atomos in 2022.

“Having worked now in three firms where there’s been private equity backing, I’m very familiar with that world,” he says.

Cook says he believes private equity interest in wealth management will carry on for some time.



Source link

Related posts

Cautious family offices lift bond holdings to five-year high

D.William

Senators introduce bill to criminalize private equity ‘looting’ in healthcare

D.William

UK banks to consider private equity risks after BoE warning

D.William

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.