Mn Services was none too happy about our pointing out they had won a grand total of zero mandates since opening their London office last year. These things take time, said their UK office’s managing director Remco van Eeuwijk, pointing out it was only in March of this year that they finished sorting out the regulatory paperwork.
Perhaps he is just being modest when he says his goal for the firm’s London office is two clients worth a total of £650m by 2011, but his expectations do not depict a booming scene. This prompts the bigger question: How are asset managers finding new clients in today’s market?
