London, 30 May 2006 – Investit, the leading fund management consultancy, has revealed the current IT concerns of 26 asset management firms with global funds under management in excess of £2.6 trillion across the UK, Continental Europe and USA. The firms, who are all members of Investit’s IT Value Survey, asked Investit to include new areas to the Survey, reflecting their current IT priorities:
- The outsourcing experience – exploring the realities of outsourcing both business processes and IT, including statistics on ‘offshoring’.
- MiFID – the level of understanding, project planning and budgets for 2006/07.
- Disaster recovery - what plans are in place; recovery times; ownership and budget?
- Market data costs - provider analysis, cost of provision and percentage of market data budget allocation.
The IT Value Survey, which is now in its fifth year, examines IT spending levels and trends and assesses business levels of satisfaction with IT systems, services and value gained. The Survey results provide indicators of strengths and weaknesses of IT services and a basis for benchmarking against peers as well as indicating firms future spending priorities. In addition to addressing the new areas highlighted by members, the Survey will continue to look at the use of electronic trading services, key functional development areas and the business drivers for IT project investment.
Investit’s IT Value Survey has signed six new clients this year – including ABN AMRO Asset Management, one of the largest global asset management businesses.
Commenting on the Survey, John Robertshaw, Principal at Investit said:
“The recent addition of clients, such as ABN AMRO Asset Management, to the IT Value Survey demonstrates our dominance in this field - and the larger sample size enables us to provide more valuable benchmarking results. The IT Value Survey is bigger than it ever has been, reflecting a growing appetite of investment management companies to understand and better manage the value they get from their IT departments. The Survey is also developing its geographical reach, with over 50% of members submitting information relating to global operations. ”
“Investit’s IT Value Survey is revised annually to reflect the changing environment. The inclusion of topics such as MiFID and outsourcing reflect current industry issues and therefore enable us to meet the requirements of members.”