(PRWEB) May 03, 2012
Big4.com, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers, PwC reports on dire new warnings that forces could compel the asset management industry to take transformational steps to improve their competitiveness.
The challenges facing the industry include volatile markets, global regulatory reform and stakeholder demands for greater transparency according to a new PwC report, Top Issues Facing Asset Managers that was reported on by Big4.com.
The report identifies several challenges the industry faces including the fact that stakeholder scrutiny, together with new regulation, is driving demand for transparency. Investment managers are adapting to these expectations and finding that enhanced transparency can build trust with investors and consultants. As some processes and technology functions are shifted to third parties and offshore, managers are also seeking to improve security measures to protect confidential client information. Other challenges identified by Big4.com include navigating risk complexity and tackling new regulations.
Barry Benjamin, PwC US and global leader, asset management commented:
“Even as it enjoys a mild resurgence, the asset management industry is confronting challenging markets, regulatory initiatives, competition for clients and talent and new expectations from investors, regulators and other stakeholders. Under such circumstances, asset managers are trying to improve performance, rebuild profitability, manage risk and achieve the operational excellence that will drive future growth,” he said.
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