Bringing you live news and features since 2006 

Asset managers in battle to improve client service amidst governance and regulatory burdens

RELATED TOPICS​

Data management is no longer simply an internal challenge for asset managers as they face increasing pressure from clients to respond to growing demands for data, according to RIMES, a provider of managed data services for the buy-side.

This comes at a time when the industry is battling to improve data quality and governance while also reduce data costs.

Growing client demand for data is now having a much larger impact on asset managers’ decisions relating to data management, according to the findings published today in the third RIMES 2015 Buy-Side Survey.

The survey analysed responses of more than 120 key decision makers covering a cross section of asset managers and asset owners: investment management firms, custodian banks, hedge funds, pension funds, insurance companies, private banks and wealth management firms. Respondents represented a good cross-section of business functions, including compliance, risk, data management, front office, IT, operations and performance measurement. 50 per cent of respondents come from institutions with more than USD100 billion assets under management.

Data quality improvement has leapt up the business agenda with 67 per cent of buy-side firms citing this as their primary data management priority, up from 43 per cent in 2014. Quality is now the single most important concern, followed by data governance.

Indeed, an overwhelming majority (75%) of firms acknowledge the main benefit to adopting best practice is data quality followed by 57 per cent of firms listing data cost control as the secondary benefit.

Alessandro Ferrari, SVP Global Marketing, RIMES, says: “It’s a tough and unforgiving market environment for the buy-side at present. Facing pressures from clients to increase data sources and deliver higher levels of data customisation, asset managers are also under pressure to reduce costs and meet incoming regulation, particularly in Europe. It’s a perfect storm that means those firms with a robust data management strategy in place will come out on top.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by