Asset servicers sit at the end of the financial services industry and feel the full effect of this position. Faced with pressure to lower fees so that asset managers are able to reduce costs – and create value – for end clients, they often experience margin compression. Further, as asset managers offer clients more variety, asset servicers too must adjust their offering – e.g., number and diversity of funds served – to mirror their clients. The high pace of regulatory change in wealth and asset management also results in a constant need to scale up.
It was in this context that EY Luxembourg’s study on…
