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What Will the Financial Back Office of Tomorrow Look Like?
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Melvin Jayawardana
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Melvin Jayawardana,
User Rank: Author
8/13/2014 | 1:53:13 PM
Re: Scrutiny on the Expense
Greg / Ivy, Thank you. Yes the Asset Management industry's focus has long been on exploring ways to optimize and differentiate their offering in the market. For many years this was achieved through heavy investment in the front office to help spearhead expansion and asset gathering activities. The tide is now turning, and with heightened investor scrutiny and additional regulatory shots across the bow, managers are beginning to rethink their back-office investment strategy. New regulations, the push for a more efficient global operating model and increased investor demand for more customized transparency reporting will drive this process over the next few years. For example, transparency around fund and manager expenses will be a key focus for investors and regulators in the months and years ahead. To properly address this, managers will need to invest in technology that can manage and fairly allocate charges across multiple share classes. I believe that we will see a push in the industry to further embrace technology as the markets look to buck the trend and head North!
Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
8/4/2014 | 8:21:00 AM
back office focus?
After years of neglect, I've heard that many asset managers are looking to make their back office processes more efficient. That makes sense. After all, the front office has received most of the heavy investment for the past decade (or longer).
IvySchmerken
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IvySchmerken,
User Rank: Author
8/1/2014 | 12:45:49 PM
Scrutiny on the Expense
Melvin, its interesting that regulatory pressure on the expense side for asset managers might drive them to invest in more workflow automation in the back office. The back office  has been a step child to the front when it's come to investing in technology. Asset managers are not that transparent when it comes to fees. if there is any regulatory push into investigating this area, perhaps firms will upgrade their backoffices in preparation for delivering data.


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