Lessons from change: the asset management industry
How do you manage through the recession and position your company for growth? Our asset management professionals around the world conducted over 2500 client meetings and identified some overarching themes. Rebuilding stakeholder confidence, building lines of credit and being proactive with regulators could mean the difference between surviving and thriving.
Opportunities in adversity: accelerating the change for financial services organizations
In January 2009, Ernst & Young published Opportunities in Adversity, where we looked at how management was dealing with the implications of the downturn, and gauged the outlook for the future.In the past six months, we have carried out interviews with 125 financial services organizations with revenues in excess of US$100 million, as part of a broader follow-up survey of some 30,000 managers across industries worldwide. The financial services findings (pdf, 4.9mb) inform our following assessment of the ways in which banks, asset managers and insurance institutions are reshaping and shoring up their businesses today.