New City Initiative (NCI) rebrands to the Independent Investment Management Initiative (IIMI) Boutique asset management think tank New City Initiative (NCI) today announces that it has rebranded to the Independent Investment Management Initiative (IIMI). The new website can be found at www.theiimi.org.
The IIMI was founded as New City Initiative in 2010 by 25 founding members with £75 billion under management, in order to give a voice to independent, owner-managed asset management firms in the debate over the future of financial regulation. Today, it is comprised of 44 leading independent firms from the UK and Europe, managing over £500 billion and employing several thousand people. The IIMI Singapore was launched in 2019 in response to demand from asset managers in the region.
Commenting on the rebrand, Independent Investment Management Initiative Chairman Nick Mottram said:
“We are very pleased to unveil our new name, the Independent Investment Management Initiative. New City Initiative was founded in the wake of the global financial crisis at a time when the City of London was undergoing a time of significant regulatory change as it sought to re-build its reputation. However, we felt that the name had less relevance today, especially since we now have members in Continental Europe and Singapore, and we wanted a name with global resonance.
The Independent Investment Management Initiative far better encapsulates who we represent and what we stand for. Our members are independent and owner-managed, and this is what really defines and differentiates them, since they are entirely focused on and aligned with the interests of their clients. We firmly believe that boutiques play an important role in preserving the stability of the wider financial sector, in addition to encouraging competition, and we shall continue to promote their values and practices, while giving them a voice in the
conversation around financial regulation.
ENDS
Media enquiries:
TB Cardew (PR adviser to IIMI) 020 7930 0777
Alycia MacAskill 07876 222 703
About the Independent Investment Management Initiative (IIMI):
The Independent Investment Management Initiative (IIMI), formerly New City Initiative (NCI), is a think tank that offers an independent, expert voice in the debate over the future of financial regulation. Founded in 2010, IIMI counts amongst its members some of the leading independent asset management firms in the City of London
and the Continent. The IIMI gives a voice to independent, owner-managed firms that are entirely focused on and aligned with the interests of their clients and investors. Over the last decade, an old fashioned “client-centric” approach has enabled entrepreneurial firms in the Square Mile and beyond to emerge as a growing force in a financial industry dominated by global financial giants. Now, more so than ever, these firms play a key role in preserving the stability and long-term focus of the financial sector, which is of benefit to society at large.
Today, the IIMI is comprised of 44 leading independent asset management firms from the UK and the Continent, managing approximately £500 billion and employing several thousand people. IIMI Singapore was launched in 2019.
Core aims:
− To serve as an independent, expert voice in the debate over financial reform;
− To restore society’s trust in the financial sector;
− To promote the values and practices of owner-managed firms which align their interests with those of their clients; and
− To raise awareness of the positive, stabilising contribution small entrepreneurial firms make to the economy and society as a whole.