The Securities and Exchange Commission's ongoing recapitalisation initiative is set to significantly alter the asset management sector in Nigeria. According to Mr. Adekunle Alade, Founder and Director of Pathway Asset Management, the new capital requirements will likely lead to a series of mergers and acquisitions, as well as potential exits from the market by firms unable to comply. This policy shift is viewed as a pivotal moment that will reshape the competitive landscape of asset management in the country.
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