Asset management CEOs must adopt new skills or face reduction in 'size, profitability and influence'

Report by Deloitte consultancy Casey Quirk

The asset management leaders of tomorrow need to adopt new skills in order to develop a competitive advantage, in an environment where it is predicted one quarter of fund firms risk becoming unprofitable by 2028, according to a report.

In the white paper Industrial Evolution, Securing Profitable Growth in Tomorrow's Asset Management Industry, produced by Deloitte consultancy Casey Quirk, it was noted that as quantitative easing comes to an end around the world, the asset management industry is facing a more challenging future where "new customer needs and market structures will force asset managers to adapt their value propositions and business models in order to remain vibrant and valuable". The paper added: "Those who cannot - and in an oversupplied marketplace, there are many such firms - likely will peak in terms o...