Future of Asset Management
The asset management industry is growing rapidly. According to PWC’s report, Asset Management 2020: A Brave New World, the investible asset will increase from$64 Trillion to $102 Trillion, with a growth rate of 6% by 2020, resulting in an increase of the commercial cost pressure.
This will help in improving the transparency of investments and would require asset managers for reviewing the process and efficiencies. The changing market will push the asset management to the center of the stage. PWC predicts that most of the growth will happen in countries like; South America, Asia, Africa and Middle East.