Asset management technology in Europe

CHAPTER 1 EXECUTIVE SUMMARY

• Market context
  • Business drivers
  • Technology and operational drivers
• Competitive dynamics
  • Technology vendors
  • Business process outsourcing providers
• The future decoded

CHAPTER 2 MARKET CONTEXT

• Business drivers
  • Pressure on margins, profitability and an intensifying battle for market share
  • Polarization of asset allocation
  • Consolidation - the industry is restructuring itself to improve focus and achieve scale
  • Distribution - power is shifting towards distributors and investment consultants
  • Retail asset management
  • Institutional asset management
  • Regulatory pressures and transparency
  • Transparency
  • Money laundering and market abuse
  • Other financial services regulations...
• Technology and operational drivers
  • Outsourcing and systems consolidation will change the face of the asset management back-office
  • Business process outsourcing
  • Systems consolidation
  • Renewed focus on investment performance plus pressure to improve transparency drive investment in performance measurement and risk software in the middle-office
  • Investments in trade order management systems to improve efficiency in the front-office are approaching their peak

CHAPTER 3 COMPETITIVE DYNAMICS

• Technology vendors
  • The competitive landscape
  • Business process outsourcing - threat or opportunity for software vendors?
  • Vendor profiles
  • Advent Software
  • DST International (DSTi)
  • SimCorp
  • SunGard
  • Trema
• Business process outsourcing providers
  • The competitive landscape
  • Is the outsourcing market a viable opportunity for non-bank BPO providers?

CHAPTER 4 THE FUTURE DECODED

• Total European asset management technology spend
• Asset management technology spend by source
• Asset management technology spend by location
• BPO spend in European asset management
• CHAPTER 5 APPENDIX
• Future readings
• SPP writing team

List of Tables

• Table 1: European asset management technology spend by country, 2003 - 2006
• Table 2: European asset management technology spend by source, 2003 - 2006
• Table 3: European asset management technology spend by location, 2003 - 2006
• Table 4: Asset management BPO spend in Europe, 2003 - 2006

List of Figures

• Figure 1: The asset management technology value chain
• Figure 2: The asset management technology vendor landscape
• Figure 3: Relative growth of asset management technology spend by location, 2003 - 2006
• Figure 4: Total assets under management, Europe 1998-2002
• Figure 5: Summary of business drivers and implications
• Figure 6: The asset management technology value chain
• Figure 7: Market fitness for BPO in asset management
• Figure 8: The asset management technology vendor landscape
• Figure 9: Global custodians set to dominate asset management BPO
• Figure 10: European asset management technology spend by country, 2003 - 2006
• Figure 11: European asset management technology spend by source, 2003 - 2006
• Figure 12: European asset management technology spend by location, 2003 - 2006
• Figure 13: Relative growth of asset management technology spend by location, 2003 - 2006
• Figure 14: Asset management BPO spend in Europe, 2003 - 2006