Investment organisations will need sophisticated operating capabilities that support their business strategies if they want to be competitive in an increasingly complex industry, according to a report by SEI.
"A number of trends make the asset management business far more challenging than it was a decade ago particularly with key trends translating into growing operational demands and challenges," says Stephen G Meyer, head of SEI's Investment Manager Services division and Executive Vice President of SEI. "Asset managers are now competing on their operating capabilities – what they used to think of as 'the back office' has become a critical factor in their business success."
According to the report – Evolving in the New Operational Frontier – investment organisations will need operating systems that are sophisticated, product-agnostic, and highly flexible to successfully navigate the industry's escalating challenges and deliver on business strategies. The report notes that many asset managers will require an evolutionary leap to achieve these high-level operating capabilities.
SEI's Investment Manager Services division is a global supplier of customised operating infrastructure and services to investment organisations representing more than USD13 trillion in assets under management.