Canadian Investment Management Operations Challenges and Strategies
The importance of operations functions at Canadian investment management firms is increasing as risk management and regulatory requirements command more attention. To measure the pulse on the industry, Stratix Consulting, an independent IT management consulting firm based in Canada, conducted a study of the issues, challenges and emerging strategies within investment managers’ operations functions. Senior operations executives and managers from 19 investment management firms with aggregate assets under management (AUM) of CA$1.1 trillion contributed to the study.
The research report findings highlighted that although progress has been made in improving trade matching rates in Canada, an operational plateau has been reached. In fact, 70% of respondents identified legacy and antiquated systems and processes as roadblocks to increased operational efficiency. The findings also demonstrated that Canadian investment management firms need to further invest in technology, with more than 40% of respondents indentifying a need to introduce new technology to improve middle- and back-office processes. The projected increased use of complex products and cross-border trading, a greater focus on risk management, and increased client and regulatory demands for transparency were key factors driving the need for improvement in operations.
To view the complete findings, please download the Stratix Consulting research paper titled “Canadian Investment Management Operations Challenges and Strategies” +
|
 |
|
|
