The asset management industry is experiencing unprecedented change and new challenges such as increased regulation, the need to diversify product ranges and growing demands from clients for more customised services. These challenges impact the whole organisation, however the area under most pressure is operational infrastructure.
BI-SAM, a leading provider of data management, performance measurement, attribution, GIPS, risk and client reporting solution, have a deep understanding of the economic and regulatory dynamics in which asset managers work. Their industry knowledge and subject matter expertise gives BI-SAM a unique insight that has been used to create a series of white papers that will address the key challenges facing the asset management industry.
The first white paper in the series entitled “The asset management industry: key current challenges and operational answers” explains how asset managers can improve their selection and usage of operational platforms by focusing on the main drivers for change.
“Internal and external factors are driving fundamental change in the industry that are impacting the way asset managers view their operating platforms. Once viewed as ‘a necessary evil’, operating platforms have now become a source of strategic value”, commented Peter Ellis, BI-SAM’s COO EMEA and author of the report.
Indeed, BI-SAM maintains that asset managers should look for six main sources of value: risk management, identification of the value delivered to clients, customisation of the client experience, reducing the time to market for new products and services, operational scale, and data management. This white paper describes these sources of value and provides an analysis of the operational challenges the industry is currently facing.