Asset managers should be open to the possibility that existing arrangements allowing London-based fund managers oversee EU funds could change post-Brexit, according to the chief investment officer of the UK's largest asset manager.

“The question for the asset management industry is far more linked to delegation and passport concept,” Sonja Laud, chief investment officer at Legal & General Investment Management, told audience members during a Financial News webcast on 4 November. “If that was to be reviewed or potentially changed, that would create a much bigger problem.”