In an increasingly complex global investment landscape, how are asset managers and servicers meeting the demands on their middle- and back-office operations? More than five years on from the global financial crisis, the asset management industry continues to adjust, a recent survey by EY of large global asset managers and fund administrators shows.
With margins and fees in decline, firms must seek new ways to increase efficiency while, at the same time, navigating a growing range of regulatory and investor requirements. As business diversification into new products, instruments and territories and increasing regulation continue to transform the industry, firms are challenged to achieve operational effectiveness while meeting new demands on data, risk management and reporting. Consequently, a split has emerged across the industry between a fire-fighting approach to compliance and long-term strategic improvements to data management.