Transcription of THE PATH AHEAD - Oliver Wyman
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AUTHORSM atthias H ebner, Partner Samir Misra, PartnerG khan zt rk, PartnerRobert Urtheil, Partner POINT OF VIEW Financial ServicesTHE path AHEADREDEFINING THE ASSET MANAGEMENT OPERATING MODEL Copyright 2015 Oliver Wyman 1 INTRODUCTION Asset management firms have recovered well since the financial crisis, Assets under management (AuM) stand at record levels, net revenues have risen and costs (as a percentage of AuM) have been stable (see Exhibit 1). During the recovery from the global financial crisis, we have seen global AuM growth of 8% per annum. Current conditions, on the surface at least, would appear to indicate that asset management firms are entering calm waters. EXHIBIT 1: GLOBAL ASSET MANAGEMENT INDUSTRY EVOLUTION Source: Oliver Wyman analysis However, despite a slight decrease in cost margin (from 16 to 15 basis points (bps)), overall cost has increased by US$29 BN (approximately one third), now reaching a total of US$119 BN.
AUTHORS Matthias Hüebner, Partner Samir Misra, Partner Gökhan ÖztÜrk, Partner Robert Urtheil, Partner POINT OF VIEW Financial Services THE PATH AHEAD
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RESEARCH FROM SEI INVESTMENTS, Research, Sub-Advisory Mutual Fund Assets to, INFORMATION AND COMMUNICATION TECHNOLOGY, INFORMATION AND COMMUNICATION TECHNOLOGY POLICY ICT Policy, OF AGILE VS. TRADITIONAL METHODS, SeaPort Enhanced (SeaPort-e) MACs, SeaPort Enhanced (SeaPort-e) MACs contain 22 Functional Task Areas, Eaton Vance Atlanta Capital SMID-Cap