Five Asset Management Trends for 2023
The asset management industry enjoyed two years of supernormal growth and returns since 2020, fueled by monetary policies from global central banks to combat the effects of COVID-19 and on the back of regular but sustained growth since the 2007 sub-prime crisis.
The second half of 2022 has been a reality check due to a slow return-to-normal, global supply chains and rising inflation. The situation was further aggravated by the Russia-Ukraine war and resulting geo-political uncertainties.
If this was not enough, slower growth in the last quarter, followed by recession fears, mean the industry has to deal with a lot more uncertainty, including price pressures and demanding investors looking for newer opportunities for growth and impact.
Here are the five trends we believe will shape how asset managers will have to maneuver, as viewed through the lens of our SPEED capabilities (Strategy, Product, Experience, Engineering and Data & AI) that we use to drive digital business transformation.