Forefront Communications

Institutional Asset Manager: Over 80 Percent of Asset Managers Predict Fundamental Changes to Operating Models in the Next Two Years


Mark Dowd

Mark Dowd

More than 8-in-10 (83 per cent) asset management professionals are expecting to make fundamental changes to their operating models in the next 24 months, according to the Confluence 2017 Asset Management Trend Survey.

Respondents named Regulatory Change (60 per cent) and Technology Innovation (49 per cent) as the top driving factors in this transformation.

When asked to identify important goals for back-office operations over the next two years, majorities of respondents cited automation of back-office processes (62 per cent) and management of increased regulatory reporting requirements (60 per cent), with the latter representing a 13-point increase from the comparable 2016 figure (47 per cent). This rise is arguably ascribable to the recent implementation of SEC Modernization and multiple other post-trade regulations in recent years, such as Form CPO-PQR and Form PF in the U.S. and AIFMD in the EU.

Centralising fund data (42 per cent) was the third-most cited goal in this year’s survey. More than three quarters of survey respondents said it was extremely or very important to centralise in order to improve data accuracy and consistency (86 per cent, up from 80 per cent in 2016), minimise reporting errors (82 per cent, up from 80 per cent in 2016) and meet regulatory demands (76 per cent, up from 70 per cent in 2016).

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