PASCAL R. NÄGELI | Managing Partner, i.AM Innovation Lab AG
This article looks at the major challenges asset managers face and what they need to do to stay relevant. Most asset managers will contend that the environment in which they are operating is changing rapidly, and that they need to adapt. It is true that technology is evolving and that they need to keep abreast of how it impacts the industry, however, having the latest technology will not be enough. To be successful, asset managers need to better manage their corporate cultures, have a rigorous focus on clients, and update their business models.