In the last couple of months, the issues of data management and data protection have dominated technology discussions within the financial industry. Now more than ever, we firmly believe that all asset managers face a challenging and rapidly evolving environment that poses both risk and opportunity in technology as we look toward the end of this decade.
PwC predicts a 6% compound annual growth rate for global AUM by 2020. Although North America and Europe will continue to control a large portion of the assets, significant growth will be generated from developing markets where the asset management sector is yet to mature. Technology will play a key role in bridging the gap between the matured markets and the high growth regions. Together, the technology and operations teams in asset management firms comprise a group that will see tremendous changes over the next five to six years.