Praveen Paranjothi on Newnex: Embracing digitalisation is no longer a…

Embracing digitalisation is no longer a choice but an imperative…

Praveen Paranjothi · 2024-06-30T21:17:02.000Z

Embracing digitalisation is no longer a choice but an imperative. Hence Newnex. A continued squeeze on profit, rising competition from passive funds and increased costs associated with doing business have led to claims the asset management sector faces its own “Kodak moment” . One thing is certain: those brave enough to take on a fund management leadership positions in the future will need a different set of skills from the industry’s incumbent CEOs. “Given that active management fees are under so much pressure, digitisation, cost-cutting and a clear sense of where competitive advantages lie are all essential skills now,” said one asset manager boardroom executive. https://www.fnlondon.com/articles/is-fund-management-facing-a-kodak-moment-e4fef41e?mod=homepage

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Praveen Paranjothi on Newnex: Embracing digitalisation is no longer a…