The Mayor of London Boris Johnson has described the asset management industry as of “crucial importance” to the UK economy, while declaring the economic recovery is in “full swing”.

Speaking yesterday at an Investment 2020 briefing, which looks to bring graduates and school-leavers into the industry, Johnson said: "[Asset management] is of crucial importance to our economy and it is a reflection of London's central role in the global financial industry that so much of it goes on here.