Wants to be "world class" but needs to change mindsetThe good thingsCoworkers are collegial, supportive, and enjoyable to work with. In particular, the Equities department has a strong culture of diligence, humility and respect.
The challengesToo much interference by the parent (PRU), which is an insurance company and completely unaware of how an asset manager should be run. There is too much dependency on the parent, and management is too focused on the parent instead of trying to grow the third party business. The mid and back office are in disarray, and the recent technology restructuring has been a complete flop. Senior management seem to be in their positions not because of their capabilities but rather their "relationship" with the parent. Senior management does not realise that asset management is not the same as insurance and employee turnover is disruptive to the business and impossible to manage.