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A new report published online today urges asset managers to regain investor confidence by facing up to the moral challenges posed by recent global events. Based on a survey‚ of asset managers, „Success of the Fittest: A Swift Survey of Shifts in Asset Management‰, assesses the fitness of the asset management sector in the present financial climate. It looks at five key areas impacting the current and future state of the asset management sector, including the macro-economic and industry environments, and the moral issues‚ confronting those who work in it.
The report also states that Asia Pacific and the BRIC countries will remain the key areas for sustained growth of asset management, though most of that growth has to come as much from within the region as reliance on growth and inward investment from the Western Hemisphere. Financial centres in those regions should benefit from growing wealth in the APAC region.
Rebuilding trust and confidence is critical. Regulators are as much reputationally damaged by the crisis as financial institutions are. There is a surge in prospective financial regulation as a cure to respond to the loss of trust and confidence. However, the industry has to develop capabilities to deal with the loss of confidence. The measures by which the industry rebuilds trust and confidence with investors must become industry standards. To rebuild trust and confidence, asset managers should ensure that their investment management systems encompass transpa...................... To view our full article Click here
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