Sean Hawkshaw, CEO of KBC Asset Management, has seen the investment management industry transform in the past five years and the current market turmoil makes for some challenging decisions. Market risk and counterparty risk are two big issues that are being addressed by the industry while the constant stream of bad news makes it difficult to reassure clients. Hawkshaw remains optimistic about an upturn being priced in later this year and hopes that ‘the darkest hour is the one before the dawn.’ |