The global asset management industry is experiencing fundamental shifts that will shape its future. Industry revenues are slowing, operating margins are increasingly under pressure and divergence between winners and losers means that consolidation is inevitable. Only the strongest will survive.
Fund administrators are adapting to an age of digital transformation, investing to meet the needs of their asset management clients and the investors they serve.
Survey results indicate that the drive to promote digital transformation (fig 2) is at the forefront of respondents’ priorities.
Digital transformation will play an important part in shaping the future direction and success of the asset management industry.
Although the asset management industry remains highly competitive, it is important that firms cooperate with each other across the value chain to ensure consistent use of standards (messaging standards, trade matching standards, standards around corporate actions processing, collateral management and many other areas) to encourage process harmonisation and minimise ad hoc ways of working.
In this final section of the survey, we asked survey constituents to predict which types of technology will be most important to their business in three years’ time (fig 14). This generated a wide variety of responses, with no single technology element clearly dominant.
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Why fund admin tech is a key competitive advantage Cian Hyland, Strategic Client Relationship Director at Deep Pool Financial Solutions spoke to us about how technology enables efficient data management, reporting automation and secure data access. | Insights from State Street Cuan Coulter, Global Head of Asset Managers and Head of UK and Ireland at State Street, discusses how fund managers decide between the two cross-border fund domiciles, namely Ireland and Luxembourg, and why asset managers find managing data so difficult. |
Unlocking access to private markets Vincent Clause, who heads the global funds strategy at Euroclear and David Genn, CEO of Goji, sit down with Funds Europe to explain how technological innovation, bolstered by operational experience and global reach, can provide solutions that unlock access to private markets. | Sustainable investing in the DC world Claire Felgate, a specialist in UK defined contribution pension schemes at asset manager BlackRock, talks with Funds Europe editor Nick Fitzpatrick about how - and the pace at which - DC pension schemes are adapting to the requirements of sustainable investment. |
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Join our webinar for a deep dive into the findings of the fresh-off-the-press EU Taxonomy 2023 Insights Report, based on Clarity AI's best-in-class coverage of EU Taxonomy reported data and CDP industry-leading environmental datasets.
In this webinar, we discuss tools for optimising fund data management and distribution, the role of global fund classifications and ratings, and how technology and automation enhance data integrity and insights.
