Published July 2014
The prospective and actual entry of internet giants such as Google and Facebook into financial services is causing many asset managers to quake in their boots, in fear of being supplanted. A recent report by PwC has indicated that opportunities are arising for leading internet and technology giants, including Apple, Twitter and Amazon, to rival asset managers in the light of their failure to keep up with technology. These tech giants will be able to “combine their reach, knowledge and influence with banking alliances to provide compelling asset management propositions”. It is suggested that one could provide front office services and get together with a back office company to establish an integrated asset management group.
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