Asia-Pacific investors increasingly bringing portfolios in-house

IR Magazine

State Street survey shows shift in management focus ‘shaking up’ firms in Asia-Pacific

Asset management firms based in Australia and elsewhere in Asia-Pacific face rising pressure from institutional investors increasingly bringing their portfolio management in-house, according to a survey by State Street.

Seventy-one percent of asset managers in the Asia-Pacific region say increasing demand from institutional investors for custom asset management options is ‘shaking up their business models’ and forcing them to seek to create new types of products to maintain their clients.

‘Growing client demand for bespoke solutions requires many asset managers to adjust their business models, particularly as clients move in-house and insist on more personalized service to help them manage their money,’ says Paul Khoury, head of State Street Global Services for Australia and New Zealand, in a press release. ‘The most enterprising asset managers are responding by bringing more to the table in their client relationships.’

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