• insights-banner

    In the Press

FT Ignites Europe quotes William Garner on the FCA's approach to founder-led firms

The FCA is placing excessive scrutiny on founder-led asset managers as concerns have been raised over how effectively other board members can challenge founders when they own a sizeable share of the business. 

William Garner, Partner and head of the Financial Services Regulation and Funds group, provides comment for FT Ignites Europe. He suggests that taking a very strict line on founder-led firms risks undermining the FCA's competition mandate.

He says:

"There are real concerns in the market about the dominance of a small number of very large asset managers.

Discouraging competition by targeting founders and owners of independent fund managers will not help encourage competition."

William adds that the FCA must strike a balance between "an individual founder's rights as an equity owner of the business and the board's independence".

"In being critical of the role and influence of founders, there is a clear risk that they are discouraging individuals from setting up independent asset managers in the first place," he says.

Read the full article in FT Ignites Europe here (subscription required). 

Our thinking

  • IBA Annual Conference 2024

    Charlotte Ford

    Events

  • LIDW: Is arbitration an effective process for disputes involving state interests: a panel discussion of concerns raised in Nigeria v. P&IDL [2023] EWHC 2638

    Richard Kiddell

    Events

  • LIDW: An Era of Constant Change – an event to explore the General Counsel’s role in delivering sustainable growth whilst managing global ESG risks

    Caroline Greenwell

    Events

  • LIDW: Liability imposed on UK Directors and how to mitigate the risks

    Claudine Morgan

    Events

  • The Court of Appeal clarifies requirements for specifying anticipated loss in notice of warranty claims

    Katie Bewick

    Insights

  • Charles Russell Speechlys advises on the acquisition of Wycombe Wanderers Football Club

    Keir Gordon

    News

  • The Telegraph quotes Rose Carey on the impact of skilled worker visa changes

    Rose Carey

    In the Press

  • Property Patter - Great Estates Miniseries - part 1

    Cara Imbrailo

    Podcasts

  • The Telegraph quotes Dominic Lawrance on Labour’s proposed expansion of rules governing trusts

    Dominic Lawrance

    In the Press

  • How is trust reporting under the Register of Overseas Entities changing after 4 June 2024?

    Jack Carter

    Insights

  • Relocation to Italy: Italian Lump Sum Tax Regime

    Nicola Saccardo

    Insights

  • The Law Society Gazette and CDR Magazine quote Caroline Greenwell on the LIBOR appeal

    Caroline Greenwell

    In the Press

  • Charles Russell Speechlys advises long standing client AgDevCo on its equity investment in Agris

    Adrian Mayer

    News

  • The UK government updates on timings for Sustainability Disclosure Requirements components

    Megan Gray

    Quick Reads

  • Consequences of Disobeying Court Orders?

    Stephen Chan

    Insights

  • Disputes Matters: International Arbitration

    Thomas R. Snider

    Podcasts

  • CDR Magazine quotes Stewart Hey on the cum-ex scandal

    Stewart Hey

    In the Press

  • Using Generative AI and staying on the right side of the law

    Rebecca Steer

    Insights

  • World Trademark Review quotes Charlotte Duly on a recent Supreme Court director liability ruling

    Charlotte Duly

    In the Press

  • FE News quotes Adam Kyte on the MAC's review of the graduate visa route

    Adam Kyte

    In the Press

Back to top