The CEOs of asset management companies are the most optimistic within the financial services sector, with more opportunities developing as a result of ageing populations.
A survey of 157 CEOs by PwC found that overall they are anticipating emerging markets will be more important than developed markets to their organisations' future. In particular, the BRIC nations are being targeted to make up for slow growth in home markets. Asset management CEOs were particularly optimistic, citing the potential created by an ageing global population and the increasing uncertainty over retirement income as drivers of growth. As a result, the survey found asset managers are looking to invest in new product development and customer relationship management, with over 50...
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