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private banking magazinIndependent asset managersLESS THAN 1 MIN READING TIME2018-03-13

"Managed assets will almost double"

At around $ 145 trillion, assets managed by asset managers around the world are set to rise in seven years. Compared to 2016, this would correspond to growth of almost 100 percent. The management consultancy PwC explains which companies benefit from the attractive business.

Asset managers will see tremendous opportunities in the coming years, according to industry analysts from the auditing and consulting firm PwC. In their global survey of just under 1,300 business leaders from 85 countries, 41 percent of the heads of the asset and wealth management industry were very confident.

The respondents from the financial sector are also optimistic about the outlook for the global economy: Half expect global economic growth to increase, and only one in ten expect shrinking. Asset managers include the United States (48 percent), China (40), Germany (25), the United Kingdom (22) and Japan (12) as the most important foreign markets.

"More opportunities than risks"

"The market is growing so strongly that the industry sees more opportunities than risks despite major challenges," commented Markus Hammer, Head of Asset & Wealth Management at PwC Germany. 87 percent of those surveyed are expecting rising sales this year, 79 percent are looking to organic growth, 43 percent are thinking specifically about acquisitions, 57 percent want to expand their workforce.