Not so long ago, banks were lining up to sell their asset management businesses, for the simple reason this was the easiest way for them to raise capital in the wake of the credit crisis.

But their love affair with the sector never died. It was only sleeping. Now that hard times are receding, they are reviewing the possibility of re-engaging with the sector. And, if Jes Staley becomes its new chief executive, there is every chance that Barclays will join the party.