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Asset managers’ 2014 priorities revealed
27 March 2014
Investit reports focus on regulatory change projects
Regulatory change projects are the top priority for
2014 attendees at Investit’s 19th intelligence
conference, which delivered research on effective change
management in investment management and the current state of
automation in the front and middle office.
In addition to regulatory change projects (which were
referenced by 93% of respondents), the other main priorities
were data management (66%) and front office systems (52%).
Investit refers to renewed interest in front office systems as
firms look to consolidate systems for greater efficiencies and
resolve data inconsistencies. A major driver is to improve
support for multi-asset strategies according to Catherine
Doherty, Investit CEO, who says the company has been working
with firms to design and support multi-asset products.
"After the UK Budget announcement that defined contribution
pension savers will no longer be required to buy annuities,
there is a great opportunity for fund managers to provide
retirement income products. We expect a lot more work to go
into supporting large scale multi-asset processes to meet this
A poll of the delegates showed that 64% had the Alternative
Investment Fund Managers Directive (AIFM directive) as the
regulatory activity causing most concern, followed by central
clearing (Emir & Dodd Frank) with 41% and managing
operational risk of outsourcing (36%).
The conference was attended by more than 60 senior management
delegates from 24 top-tier investment managers and investment
operations service providers.