Asset managers are increasingly integrating technology and data into their operations, according to a survey.
The survey, commissioned by financial data firm FE Fundinfo, of 103 senior asset managers in the UK, found that 79% consider data intelligence increasingly important as they seek to drive asset growth and reimagine operating models.
Other issues cited by those surveyed include regulatory changes (cited by 41%), pressure on margins and costs (39%) and technological disruption, including AI (37%).
Longer term, asset managers are concerned about growing assets under management with (47%) citing this as the top challenge they face in the next three years.
Asset managers are facing an incredible amount of pressure – making regulatory compliance, efficient operations and growth tougher than ever,” said Liam Healy, chief executive at FE Fundinfo.
“The investment management community at large is doubling-down on strategies underpinned by a data-driven approach and supported by integrated technologies.
“The industry is rapidly evolving, with clear opportunities and threats at play. Embracing change and choosing the right ecosystem of partners will be a must for successful organisations moving forward.”
Those surveyed hold job roles such as chief operations officer as well as heads of distribution, operations, product management, marketing, compliance, and regulatory reporting. All respondents are from firms with a minimum of £1 billion assets under management.
