Steve Young Discusses Challenge of Innovation For Incumbents in FTSE

Citisoft's Steve Young recently authored a blog for FTSE Global Markets on the increasing need for innovation in asset management.

Steve writes, "The current crop of vendors is, in many respects, not willing to push the envelope as far as a risk-averse asset management community really needs it to. The number of independent software houses is diminishing at a rapid pace and with so many small or medium sized vendors now forming part of a large corporate balance sheet, one can only ponder on where the much-needed technological innovation in the asset management industry will emerge.

For more of Steve's insight on why the industry needs to evolve in the wake of fees pressure, regulation costs, and shifts in client attitudes, and how asset managers can rise as industry innovators, read the full article.