Read the article and learn about:
- Why buy-side firms must focus on reducing their costs
- How system consolidation unleashes the true potential of a firm’s intellectual capital
- Simplifying operations delivers the innovation that is vital in the search for returns and competitive edge
Hans Otto Engkilde
Managing Director, SimCorp UK & Northern Europe
In today’s margin-pressured environment, buy-side firms must focus on the reduction of costs. To do this successfully, firms need to cut through complexity and efficiently manage transaction lifecycle data, as a single complete entity. Investing in system consolidation unleashes the true potential of a firm’s intellectual capital, unlocking the silos of front, middle and back offices, to enable informed decisions based upon a single contemporaneous set of data. Simplifying operations in this way ultimately translates to reduced cost and risk, but more importantly, delivers the innovation that is vital in the search for returns and competitive edge.
Active managers have had a rough ride of late, facing disruption from several directions including technology innovation, a deluge of regulation, the encroaching growth of alternative asset managers, and of course, the upsurge in passive investment. In response, firms must now handle more data more frequently, and with greater accuracy than ever before. But given the tangled web of complex systems, multiple interfaces and legacy architectures that many asset managers are operating, the need for simplification is the more immediate concern.
To understand the extent of this situation, SimCorp commissioned WBR Insights to speak to 100 European buy-side firms, to quantify their greatest challenges and opportunities.