It may seem unlikely, but now is the time for companies to take a hard look at their operating models and go on the offense to secure future growth.
New York, NY (PRWEB) May 25, 2010
Asset management infrastructure spending, along with other costs such as investment reporting, will increase over the next few years and firms will need to adjust their operating models to remain competitive, says Ernst & Young. The Ernst & Young asset management industry team is holding an operating model webcast 3 June to discuss how companies can better align strategic spend, products, people skills, processes and technology infrastructure.
"It may seem unlikely, but now is the time for companies to take a hard look at their operating models and go on the offense to secure future growth," said Alan Fish, Partner, Financial Services, Ernst & Young LLP.
The webcast will focus on the areas companies should explore to create a more responsive, variable or low cost infrastructure, such as:
- the use of third-party service providers
- off-shore or low-cost near-shore locations
- shared service centers and enhanced control environments
- both application and process controls to mitigate potential for significant losses
Participants can register for the operating model webcast via this link.
About the Ernst & Young Global Asset Management Center
The asset management industry is evolving at a fast pace. Asset managers and service providers face challenges every single day, whether in managing business growth, mitigating risk, providing transparency or addressing regulatory scrutiny. Ernst & Young’s Global Asset Management Center brings together a worldwide team of professionals to help you achieve your potential — a team with deep technical experience providing assurance, tax, transaction and advisory services. The Center works to anticipate market trends, identify their implications and develop points of view on relevant industry issues. Ultimately, it enables us to help you meet your goals and compete more effectively. It’s how Ernst & Young makes a difference.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 144,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
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