Tech Innovation Key for Buy Side

Technological innovation is one of four key trends that institutional asset managers will need to adapt to over the next decade, according to Standard Life Investments CEO Keith Skeoch.

In an opinion column published on Pensions & Investments, Skeoch cited democratization of financial risk; a low-growth, low-inflation, low-yield environment; a low level of trust in financial institutions; and technological innovation as major long-term trends.

Regarding the latter, Skeoch wrote: “Harnessing technology will enable asset managers to enhance client service by delivering customizable global services that meet institutional investors’ complex needs. It also means consumers can get access to their assets more quickly than before. In a world that is fragmenting, it is increasingly important to invest in building scalable, value-add platforms that offer outcome-oriented solutions to the growing pools of investible assets around the world. The demand for a seamless, integrated and tailored solution for investors will drive technology for asset managers.

The ability to invest is always very simple in asset management, which is no more than a combination of people and technology. The firms that will win out in the end are the ones that have the scale and ability to invest in people and technology in order to be global within an increasingly politically fragmented world.”

(Visited 61 times, 1 visits today)

Related articles

  1. ETF Issuers Welcome Deutsche Börse Initiative

    Only nine of the top 120 asset managers in Europe issue ETFs.

  2. SEFs Compress Trades
    Daily Email Feature

    DTCC Floats 'T+1 1/2'

    Industry utility eyes reducing operational risk via expedited trade settlement.

  3. ETF Issuers Welcome Deutsche Börse Initiative

    Ten top ETF promoters gained market share in 2017.

  4. Inaugural FIMSAC meeting highlights how market participants are adjusting.

  5. Focus on Market Structure

    Major innovation is two to four years away.