London
15 March 2017
Reporter: Barney Dixon

Asset management IT department’s role will change


The IT departments of asset managers may see sweeping changes to their roles in the next 10 years, according to speakers at TSAM London.

One speaker, who represented a portfolio analysis company, said that future IT departments will focus more on third-party technology management, altering their roles from in-house providers to external managers.

He said that asset managers would rather partner with third parties that focus purely on analytics and systems, rather than build their own. As a result, IT departments will shrink over the next 10 years.

“It’s a big shift in those skillsets, it doesn’t mean they won’t exist, but just in a very different capacity. It’s no longer their business to run technology,” he said.

The internal IT department will shift from building and managing the system to managing those partners, he said.

He added that asset managers would rather focus on alpha, instead of worrying about upgrading “legacy” systems.

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Commcise partners with RSRCHXchange for MiFID II
14 December 2017 | London | Reporter: Jenna Lomax
The collaboration allows research consumption data to be passed from the RSRCHX platform to Commcise via an API
Euronext’s ARM and APA approved
14 December 2017 | Paris | Reporter: Stephanie Palmer
Euronext has been approved by the French regulator to provide approved publication arrangement and approved reporting mechanism services to investment firms in Europe, under MiFID II
Automated derivatives processing platform gets Citi and J.P. Morgan on board
14 December 2017 | New York | Reporter: Stephanie Palmer
truePTS is intended to automate derivatives processing, removing the operational risks of manual processes and addressing regulatory and cost pressures in the space
Murex to run MX.3 platform on AWS cloud
13 December 2017 | Paris | Reporter: Becky Butcher
Murex has collaborated with Amazon Web Services to allow its clients to deploy, test and optimise its MX.3 platform on the cloud
Northern Trust appoints Edwin Chan
13 December 2017 | London | Reporter: Becky Butcher
Edwin Chan has joined Northern Trust to head up sales across the alternatives fund sector in Europe, the Middle East and Africa
Firms remain open to exposures from manual processes
13 December 2017 | New York | Reporter: Becky Butcher
Only 2 percent of capital markets companies have a fully automated compliance support programme, leaving firms open to risk from manual processes, according to a survey by Aite Group and Cordium
Oslo Connect receives regulatory upgrade
12 December 2017 | Stockholm | Reporter: Becky Butcher
Baymarkets Technology is to upgrade Oslo Børs’s OTC system, Oslo Connect, to support regulatory demands such as those under the second Markets in Financial Instruments Directive (MiFID II)
More news