The combined market for third-party asset management in the US and Europe will grow by an average of...
The combined market for third-party asset management in the US and Europe will grow by an average of 10% per year over the next decade, research from reinsurer Swiss Re predicts. Its study highlighted five factors, over and above current stock market turmoil, as drivers for an increase in outsourcing. In particular, it points to mounting pressures on chief executives to deliver solid returns, maintain adequate diversification and manage operational risk. These factors, along with increased scrutiny from the rating agencies, will push many companies to specialist asset managers, it predi...
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