Investor Presentaiton
Outsourcing is driving strong market growth
UK AFM Assets under Management
(£ Billions)
1,400
1,200
1,000
800
600
400
200
2015
10.0%
9.0%
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
2016
2017
2018
2019
Inhouse AUM (LHS)
% AuM hosted (RHS)
Hosted AuM (LHS)
Estimated 3rd party AFM / Manco AuM by jurisdiction
% AuM hosted
United Kingdom
-9%
Ireland
~4%
Luxembourg
-8%
18 June 2019
•
Growth in savings and investment in collective scheme to
drive increase in AuM
Investment managers increasingly outsource to reduce
regulatory burden, drive cost efficiency, simplify cross
border complexity and focus on investing activities and
distribution
Ongoing propensity to outsource accelerated by large
wave of new complex regulation (UCITS V&VI, AIFMD,
MiFID II, PRIPS, CP86, FCA AMMS)
National regulators increasingly favouring independent
governance acting as an extra layer of oversight
Link Group Investor Presentation & Strategy Update
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