NEW YORK, April 26, 2012 – The challenges facing the asset management industry, including volatile markets, global regulatory reform and stakeholder demands for greater transparency, have been building for many years. Several of these changes, such as the implementation of new regulations, are accelerating and could make the remainder of 2012 a turning point for many companies, compelling them to take transformational steps to improve their competitiveness, according to a new PwC report, Top Issues Facing Asset Managers.
“Even as it enjoys a mild resurgence, the asset management industry is confronting challenging markets, regulatory initiatives, competition for clients and talent and new expectations from investors, regulators and other stakeholders. Under such circumstances, asset managers are trying to improve performance, rebuild profitability, manage risk and achieve the operational excellence that will drive future growth,” said Barry Benjamin, PwC US and global leader, asset management. “Successful firms will adapt to industry changes and take advantage of the opportunities opening up in the global marketplace with products that meet investor needs, improve client service and enhance operations to address new regulations and stakeholder expectations.”
The report identifies nine key challenges that PwC says the asset management industry currently faces and describes how leading managers are responding:
The PwC report Top Issues Facing Asset Managers and associated videos may be found at http://www.pwc.com/us/en/asset-management/investment-management/publications/top-asset-management-industry-issues.jhtml.
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