We strongly believe the human banker will remain the cornerstone of commercial and corporate banking relationships. Going forward, AI will make bankers more effective in their client interactions by customizing presentations, generating personalized insights and recommendations, and contributing to solutions tailored to individual clients.
Institutions in Asia have modest use of consultants for portfolio advice and manager selection, relative to developed markets which are pension fund driven.
The largest 22 institutions account for 90% of Asia’s outsourced assets.
Fund professionals in South Korea noted the largest number of investment manager solicitations, followed closely by those located in Hong Kong/Macau.
The amount of externally managed current assets grew to $1,574, in 2014 from $1,498 in 2013.
Compensation in Hong Kong/Macau and Singapore was significantly higher than that of the other regions. However, Singapore respondents reported a drop in total compensation, driven by drops in both salary and bonuses.
Compensation was mainly flat across most countries in Continental Europe, with the exception of gains by Norway and Switzerland.
Total compensation rose for many functions with the remainder holding steady.
The difference between vote-determined allocation and actual U.S. equity commission spend with brokers flatened as of Q1 2014.
Use of Commissions Mangement Programs by U.S. equity investors remained flat over the past 12 months.
U.S.-based Equity investors report fluctuating commissions as of Q1 2014.
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