Asset management

Asset management

Stephen A. Schwarzman, Chairman, Chief Executive Officer and Co-Founder, Blackstone

Asset management CEOs are increasingly optimistic this year, reflecting the recent rise in equity markets and a strong outlook for their businesses over the years to 2020. They’re actively investing for growth, looking to making acquisitions, add headcount and increase technology spending.

Asset management CEOs look to the future with mounting optimism.
CEOs in the asset management sector are significantly more optimistic about their prospects than last year – and they’re getting more so. While they’ve a high level of confidence in their revenue growth over 12 months, they’re even more confident over three years. And they’re more upbeat about the economy. More than half of CEOs believe the economy will improve over the next 12 months, indicating growing faith in policy makers.

They’re actively investing for growth.
Asset management companies are returning to growth. As they invest for the future, 58% plan to expand their workforce in the next 12 months. In order to become more efficient, 53% are changing their strategies for investing in technology. And 41% intend to revamp their strategies for mergers and acquisitions, joint ventures or strategic alliances. Clearly, CEOs are planning for a prolonged upswing in their businesses.

They’re preparing for mega trends that will transform their businesses.
Nearly a third of asset management CEOs believes the ideal planning horizon is five years. They acknowledge the need to prepare for a period of rapid growth and change, as described in our Asset Management 2020 report. Sector executives foresee technological advances transforming their businesses over the next five years, with demographic shifts and the transfer of power to emerging markets also having substantial effects.

Regulation is improving product and service delivery.
Regulation is a headwind to growth, adding to costs and impeding innovation. But 46% of sector CEOs say it’s also improving the quality of products and service delivery.

53% of asset management CEOs are changing their strategies for investing in technology.

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41% of asset management CEOs are making changes to M&A, joint ventures and strategic alliances to capitalise on global trends

 

Asset Management CEOs are optimistic this year

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CEO interview quotes

"Globalization presents interesting opportunities. For example, in Europe, which has a very difficult macro-economic climate, we’re finding opportunities to buy real estate."

Stephen A. Schwarzman
Chairman, Chief Executive Officer and Co-Founder, Blackstone

"We’ve invested heavily in technology. They can get information from us faster than virtually anybody in our field. We’ve cut the paper flows and time on things by over 70 percent."

Stephen A. Schwarzman
Chairman, Chief Executive Officer and Co-Founder, Blackstone

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