Schroders chief executive Richard Oldfield has warned against calling the “death” of London’s equity market, arguing that listed companies were vital for transparency and holding management to account.
“We have to be careful to call the death of public markets . . . they are super important to our futures, so they are definitely not dead,” Oldfield said, speaking at the FT’s Future of Asset Management conference on Tuesday.
He added that active fund managers such as Schroders, one of the largest asset managers in Europe, also played a key role. “If our industry did not exist, the broader ecosystem doesn’t work because we are key to price formation and IPOs,” he said.
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