In recent months, asset and wealth managers have shifted focus from immediate crisis response to post-COVID planning. A robust summer rebound in asset prices and valuations provided breathing space for firms wary of initiating aggressive transformations. As of Q3 2020, given an increasing uncertainty in the marketplace, right-sizing and target operating model assessments are making their way back to the top of the agenda.
Investors are striving to understand which social and financial changes are temporary and which will be permanent. Central banks and governments have taken decisive action to support the global economy, but a high degree of uncertainty could still significantly influence financial asset valuations.
A&M’s latest report analyses the factors due to COVID-19 that are likely to impact asset managers, the new opportunities that have arisen and where asset managers should focus in order to add value quickly.