Asset managers face rising costs, sluggish revenues but AI might save the day
BCG report urges firms to seize the opportunity from tech innovations.
The headline figures for the asset management industry in 2023 look good – AUM growth of 16% in North America and a global 12% rise to almost $120 trillion following 2022’s 9% decrease.
But beneath the surface, the picture is less rosy with revenues up just 0.2% and costs up 4.3%. Profits fel
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