AI emerges as key priority for asset management CEOs

Ethical issues such as privacy and bias

The asset management sector is more focused on generative AI than other sectors, with 75% of CEOs citing it as a top priority compared to the sector average of 64%.

According to the latest KPMG CEO Outlook, asset management CEOs view gen AI as a tool for upskilling the workforce and enhancing processes and are predicting returns on gen AI investments within five years. However, 60% cited concerns about ethical issues such as privacy and bias while 83% were conscious of regulatory hurdles.  The CEOs also regard gen AI as being supportive of fraud detection and protection against cyber attacks, with the latter being a significant concern. LSEG'S Dewi John: AI as an investment theme Asset management CEOs are more worried about cybersecurity th...