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Recent research from PwC predicts global assets under management will rise to around $101.7 trillion by 2020 from a 2012 total of $63.9 trillion .
The PwC CI team will share its detailed findings at a breakfast briefing on Thursday 6 March at the Pomme D’Or in Jersey and on Thursday 13 March at Guernsey’s Old Government House, Guernsey. The briefings will include presentations by PwC UK partner Robert Mellor.
Karl Hairon a partner at PwC CI described the report - Asset Management 2020: a Brave New World - as essential reading for all senior asset management staff in the Channel Islands.
He said: “The industry stands on the precipice of a number of fundamental shifts that will shape its future. Strong branding and investor trust in 2020 will only be achieved by those firms that avoid making (the) mistakes that attract the ire of investors, regulators and policymakers. There is no single blueprint to building the successful asset manager of 2020 and beyond. The successful asset managers of 2020 will have already started to shape their responses to some or all of these game changers.
The report also found that global assets under management (AuM) in South America, Asia, Africa, Middle East economies were set to grow faster than in the developed world leading up to 2020, creating new pools of assets that can potentially be tapped by the asset management industry. However, the majority of assets will still be concentrated in the US and Europe.
PwC predicts that European AuM will rise to $27.9 trillion by 2020 from $19.7 trillion in 2012 - a compound annual growth rate of 4.4%. And, that AuM in North America will rise to $49.4 trillion by 2020 from a 2012 total of $33.2 trillion, a CAGR of 5.1%.
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