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

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...