“Change before you have to.”
Jack Welch, former CEO of General Electric, was attributed with the above quote during his 20 year tenure at the industrial giant. More than a decade later, truer words could not be spoken for the asset management industry.
One key finding of Linedata’s Global Asset Management Survey is the changing landscape across all areas of the industry. Firms are faced with keeping up with regulation, delivering strong performance, watching budgets tighten and accommodating modern technology. Firms who are reluctant to embrace this changing landscape could very well find themselves managing change rather than driving the change.