José María Martínez-Sanjuán
Santander AM (UK)
‘Clearly the spirit of the law is to increase the level of transparency for investors, which is always welcome. It also implies a bigger commitment in terms of better service and fair pricing. We know that this comes with a cost for the asset managers and there is a lot of talk about this in the investment community.
‘Another thing to consider is the fact that regulation is reshaping the needs of the fund selectors' clients and, in the future, there will be greater demand for a transparent rationale in manager selection.
‘I believe that it is a great opportunity to streamline and improve research processes as it becomes a critical step in the advisory chain, working towards clear communication. Although costly, it can set the basis for a more solid and sustainable industry.’