Delegates to Investit’s March 2012 Intelligence Conference in London last week identified their top priorities for 2012. The conference focused on delivering Investit’s industry leading research on data management, creating an efficient investment management business, and leveraging mobile technology and social media to enhance the client experience.
74% of respondents indicated that ‘regulation, risk and compliance’ is the highest priority for the year ahead, as they strive to identify the operations and technology impact of some 14 plus regulations - some of which come into effect this year.
Since the Global Financial Crisis, the number and complexity of regulations has risen sharply, principally to avoid reoccurrence of another financial crisis. But, complying with all these regulations in a short timeframe will impact a firm’s bottom line and firms need a clear program that identifies all the touch points that these regulations will have on their processing environment.
The second highest priority for 72% of respondents is the management of ‘applications, infrastructure and data programs’, as three years of pent up demand are pushing firms to reassess their mix of solutions for efficiency and effectiveness under new market conditions. Data management is critical with firms continuing to focus on organisational structure, governance and security of data as the volume, velocity and variety of data continues to strain current resources.
Our latest report on data management provides members of the Intelligence research service with the compelling business case they need to engage senior management and to show data as a critical pillar of their firm’s infrastructure. This research was presented at the conference, attended by 78 senior executives from 25 investment industry firms, where we also presented practical advice on how to leverage technology to enhance the client experience and how to position the business in order to enhance efficiency.
The research selected by Intelligence members to be delivered in the next six months will look at operational risk management, the changing shape of outsourcing and expansion into Asia; topics which reflect the pressures felt by investment management firms over the last few years, but also indicate a renewed confidence to explore options for growth and efficiency.