Andrew Griffith, Economic Secretary to the Treasury, is reconvening the Asset Management Taskforce to bolster the sector. According to Sky News, it will include a technology working group exploring fund tokenization and the use of AI, distributed ledger technology (DLT) and blockchain. Before becoming an MP, Griffith was CFO and COO at Sky.
A meeting was expected today with attendees including Patrick Thomson, CEO of JP Morgan Asset Management and chair of the Investment Association, Peter Harrison CEO at Schroders, and Anne Richards, CEO of Fidelity International.
Michelle Scrimgeour, the CEO of Legal & General Investment Management, will chair the technology working group.
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