The changing face (or should that be interface?) of asset management

Will AI replace humans over the next five years?

Last week saw two large asset management houses announce significant overhauls to restructure the senior management of their businesses and/or the divisions in an attempt to place the customer at the heart of their business, and improve competitiveness in what can be described as a highly-saturated industry.

AXA Investment Managers made changes to its future operating model with the firm being divided into four pillars: client relationships; core investments; alternative and specialty investments and transversal support functions, while it also made a number of changes to its management board with around 210 positions worldwide at risk, including 40 in the UK. Meanwhile, Aviva Investors has restructured its investment platform as part of a raft of changes aimed at improving cross-team ideas generation, with seven new hires and four employees leaving the group. New units have been created foc...