Giant asset manager eyes high growth as regulation takes its toll on independent managers
Old business models at domestic, independent asset managers are under pressure due to MiFID II and digitalization, however, at the world's largest fund manager they're looking at a bright future.
By CATHRINE KIER, MORTEN PLESNER and SIMON RICHARD NIELSEN
Far-reaching regulation in the investment industry leads to big changes and puts small asset managers under immense pressure. Banks increasingly recommend proxy agreements to private investors, and the lack of so called kick back in the new solutions requires low-cost solutions.
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