Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a750896

Brewin's £32m hit exposes wealth firms' big tech headache

by Dylan Lobo on May 13, 2014 at 11:25

If Brewin can get its tech right the potential reward is significant.

A survey from SEI highlighted how improving operations remains a priority for investment managers as regulators continue to demand deeper levels of transparency.

It also highlighted how operational capabilities are becoming a key competitive advantage, with 77% of the investment managers surveyed believing there is a ‘somewhat strong’ or ‘very strong’ link between their operational capabilities and their business' competitiveness.

‘Having strong operational capabilities has been moving up on the priority list for investment managers for years now as they see that superior operations can actually differentiate their firms in the marketplace,’ SEI’s Ross Ellis said.

‘In today’s climate, it’s critical for investment managers to find new ways to enhance and streamline operations in order to support investor demands.’

As Brewin goes back to the drawing board, it will hope this time it comes up with a tech solution to exploit this opportunity.

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet