Asset management technology in Europe
Introduction
- This report examines key business and technology drivers and technology
implications in European asset management. It discusses the emergence of
business process outsourcing, explores the market for packaged applications
and outlines key implications for vendors and service providers. The report
also contains detailed forecasts of IT and BPO spend to 2006.
Scope of this report
- Covers all major Western European markets
- Forecasts asset management technology spend by country, location (front-,
middle-, back-office) and source (software, hardware, services etc.)
- Forecasts asset management business process outsourcing (BPO) spend by
country
Research and analysis highlights
- The asset management industry is starting to feel the benefits of ad-hoc
cost initiatives of recent years. The immediate future will see increased
availability of budgets and willingness for new investments, which will be
primarily directed towards initiatives to build an operational basis to
secure margins going forward.
- With back-office initiatives representing a more long-term, gradual
development over the next few years, the area receiving most attention in
the short-term will be the middle-office. Asset managers will invest heavily
in performance and risk management applications, fuelled by increasing
demands from the middle-office function.
- Asset management BPO in Europe is still young, and does still offer room
for various players to make a mark particularly in the less developed
continental markets. The picture emerging however is that a handful of banks
dominating the custody space are fast establishing clear leadership by
up-selling broader sets of services to their clients.
Key reasons to read this report
- Gain insight into key technology trends in European asset management
- Understand the impact of BPO on technology investments going forward
- Access detailed forecasting of technology and BPO spend in asset
management
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