In the year 2020 PricewaterhouseCoopers predicts that global investable assets will be more than $100 trillion, with a compound annual growth rate of nearly 6%.
The future is indeed bright for the asset management industry.
Few people in the asset management industry would have thought so in 2008 or 2009. Changing markets and investor needs will combine to produce a positive environment and huge opportunities for asset managers.
The Global Financial Crisis of 2008–2009 was a major economic event affecting millions of people, but only led to a temporary detour in the long-term growth path for assets managed by the industry. They have continued to rise and today worldwide assets under management total $63.9 trillion.
How can asset managers prepare for the challenges ahead and turn them into competitive advantages?
Amid unprecedented economic turmoil and regulatory change, most asset managers have afforded themselves little time to bring the future into focus.But the industry stands on the precipice of a number of fundamental shifts that will shape the future of the asset management industry.
To help asset managers plan for the future, we have considered the likely changes in the asset management industry landscape over the coming years and identified key gamechangers which will impact the competitive environment.” – PwC
The Asset Management 2020 – A Brave New World Report presents a series of predictions for 2020. They serve as guidelines for asset managers to prepare their operating models, people and processes for the changes ahead. You can download the report below.
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Equity markets are growing. There is more demand for asset management than ever and the sector is optimistic. CEOs are committing to growth: 58% are investing in new staff and 53% in new technology.
If you are looking to hire the talent that will be critical to your future success, please contact Robert Pestreich for a complimentary consultation.