Asset management editor

Ashmore Group is pinning its hopes on diversifying its client base after posting a 34% drop in profits for the full year ending June 30.

Group finance director Tom Shippey blamed the results on the pound's strong showing after net profits fell to £133.4 million in the 12 months ended June, down from £201.6 million a year earlier.

Diversification key after Ashmore's profits tank

Group finance director sees a broadening of the asset manager's client base as central to future success

Joe McGrath

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