Asset Manager
Asset Manager / Investment Manager
Definition
A firm authorised to manage investment portfolios on behalf of clients, including institutional investors and retail customers. Asset managers are subject to regulatory requirements covering authorisation, capital adequacy, conduct of business, client asset protection, and various reporting obligations depending on the instruments and strategies employed.
Regulatory Context
Asset managers are regulated under MiFID II (for investment services), UCITS/AIFMD (for fund management), and national regulatory frameworks. They face increasing regulatory focus on ESG integration, liquidity risk management, and value for money assessments.