Finance

Fidelity International and CEO Anne Richards win big in FN’s Asset Management Awards

Boutique firm Liontrust picked up the prestigious Asset Manager of the Year gong in the Financial News Asset Management Awards 2021, as Fidelity and its chief executive emerged victorious in other key categories.

The 20th annual awards recognise excellence in institutional investment management in Europe. The winners were voted on by a panel of industry experts and senior FN editorial staff (see below for the judging panel).

The judges were impressed with Liontrust’s growth — in the 12 months to March 2021 it almost doubled assets under management to £30.9bn, and by the end of the third quarter AUM had exceeded £35bn. The acquisition of Architas in late 2020 was a significant driver of this growth.

Fidelity International was the other big winner, picking up the prizes for Equity Manager of the Year and Emerging Markets Manager of the Year, while chief executive Dame Anne Richards was named Industry Leader of the Year in the female category.

READ Fund management chiefs say tech will drive change as pressure builds on ESG

She was praised by the judges for the firm’s move into China, where it has secured permission from the China Securities Regulatory Commission to set up a wholly-owned mutual fund unit.

Richards was named a Dame in the Queen’s Birthday Honours this year in recognition for her services to financial services, women, education and science.

For the second year running, FN split the Industry Leader award into two prizes — one for male and one for female business heads — to ensure a gender balanced shortlist.

Schroders CEO Peter Harrison won the male category. There was no overall winner, with both chief executives received the same score in their respective categories.

Harrison won plaudits from the judging panel for his leadership through Covid. He and other top Schroders executives gave up 25% of their salaries for three months and donated their long-term incentive awards to Covid-19 relief efforts. The firm also grew during the year to become the UK’s largest listed fund manager.

Yves Perrier took the Editor’s Choice award in recognition of Amundi’s growth during more than a decade as CEO. He stepped down to become chair earlier this year.

Pictet was also a multiple award winner, taking prizes for Alternatives Investment Provider of the Year and Multi Asset Manager of the Year.

ESG Initiative of the Year went to Nordea Asset Management for its campaign against a new coal-fired power plant in Vietnam.

This year, FN introduced a new category, Virtual Diversity and Inclusion Initiative of the Year, to find out what the industry has done to keep up with its targets during the Covid lockdowns. FN opened the award up to asset managers and other industry organisations.

The winner was #10000BlackInterns, which was set up by Jonathan Sorrell, president at Capstone, Wol Kolade, managing partner at Livingbridge, co-founder of Redington Dawid Konotey-Ahulu, and Michael Barrington-Hibbert, founder of the eponymous recruitment firm.

They initially wanted 100 firms within the asset management industry to offer 100 internships to Black graduates and undergraduates. The idea proved popular and has now grown into a cross-industry initiative with hundreds of firms across 24 sectors offering a total of 10,000 internships over five years.

Here is the full list of winners:

Editor’s Choice

Yves Perrier, Amundi

Asset Manager of the Year

Winner
Liontrust Asset Management

Runner-up
Schroders

Industry Leader of the Year — Female

Winner
Anne Richards, Fidelity International

Runner-up
Valérie Baudson, Amundi

Industry Leader of the Year — Male

Winner
Peter Harrison, Schroders

Runner-up
Andrew Formica, Jupiter Asset Management

Equity Manager of the Year

Winner
Fidelity International

Runner-up
GQG Partners

Fixed Income Manager of the Year

Winner
Robeco

Runner-up
TwentyFour Asset Management

Virtual Diversity & Inclusion Initiative of the Year

Winner
#10000BlackInterns

ESG Initiative of the Year

Winner
Nordea Asset Management

Runner-up
Robeco

Boutique Asset Manager of the Year

Winner
Polar Capital

Runner-up
TwentyFour Asset Management

Alternatives Investment Provider of the Year

Winner
Pictet Asset Management

Runner-up
Pantheon Ventures

ETF Provider of the Year

Winner
iShares — BlackRock

Runner-up
WisdomTree

Smart Beta Manager of the Year

Winner
Ossiam

Runner up
Robeco

Emerging Markets Manager of the Year

Winner
Fidelity International

Runner-up
Amundi

Multi Asset Manager of the Year

Winner
Pictet Asset Management

Runner-up
Willis Towers Watson

Fiduciary Manager of the Year

Winner
Kempen Capital Management

Runner-up
Aon/Willis Towers Watson (joint)

Investment Consultant of the Year

Winner
Redington

LDI Manager of the Year

Winner
Insight Investment

Methodology

The editorial team at Financial News compiles the shortlists after extensive research, including scrutinising data, reviewing submissions, and canvassing industry experts for their views.

The winners are voted on by a panel of independent experts and senior FN editorial staff. The judges meet to discuss the shortlists and final scores are then submitted via a confidential online voting system. The winner is the firm or individual with the highest scores. Where there is a tie the prize is awarded to the nominee with the highest number of 5s, then 4s, and so on.

Judging panel

Bella Caridade-Ferreira, CEO, Fundscape
Andrew Cheseldine, professional trustee, Capital Cranfield
Will Mayne, vice president, distribution insight, Broadridge Financial Solutions
Darius McDermott, managing director, Chelsea Financial Services
Justin Cash, online editor, Financial News
David Ricketts, asset management correspondent, Financial News

Awards research by: Peter Davy, David Ricketts and Bérengère Sim

For all of this year’s awards coverage visit our hub here.

To contact the author of this story with feedback or news, email Clare Dickinson

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