- Less than 40% of the participants feel that they have the necessary technology in place to address operational risk and automation issues
- Improvement of investment analysis and decision-making and reduction of operational risk deemed to be considerable drivers for the investment management industry
- Full results announced at Trema Executive Forum - London, 16 October 2003, Energy Clinic
London, 14 October 2003 - Less than 40% of asset managers have fully integrated solutions, despite more than 60% identifying these as desirable according to a global asset management market survey announced today. The survey, commissioned by Trema, the premier provider of strategic software solutions for the financial industry, collected data from over 100 Investment Management Companies, Pension Funds, Insurance Companies, Mutual Fund Managers and Private Banks from around the world. The results offer an invaluable insight into the primary drivers and development issues concerning the Asset Management industry.
Nearly half of the respondents considered reduction of operational risk and automation of trades to be important areas for development. Despite this, when asked if they were considering outsourcing, two thirds of companies replied that it wasn't in fact something they were exploring.
Investment analysis emerges as a key issue throughout the survey's findings, with 59% of respondents indicating that improving investment analysis and decision-making are considerable or crucial drivers of their business. Within the investment analysis sector, risk management and analysis was seen as the priority by most.
Roy Williamson, Global Sales Director, Trema comments, "These results demonstrate that there is a genuine need within the asset management industry for fully integrated, front to back solutions. It is interesting to note that, while the reduction of operational risk and cost was important to the majority of the organizations surveyed, few plan to address these issues by outsourcing them. Nearly two thirds of the asset managers surveyed intend to employ integrated in-house systems, indicating an important area of growth for Trema's business."
The full results are to be made available at the Trema Executive Forum, to be held on 16 October at the Energy Clinic, London. The forum will bring senior level bankers and asset managers together with a selection of financial and IT experts to discuss the future of banking and asset management, with a focus on managing risk and operational efficiency.