BackBay and TSAM Investigate Technology, Gender, and Diversity in Asset Management Industry in New Report
The latest report from BackBay and The Summit for Asset Management (TSAM), Trends in Asset Management, is based on a global survey of asset managers and was officially released at TSAM’s London conference on March 13. Key insights from the research included rising concerns about cyber crime, with a corresponding uptick in predicted cyber security technology expenditure in 2018. Furthermore, addressing recent headlines around gender and diversity in the workplace, the study reveals that a vast majority of asset managers think their organisation is on the right track when it comes to promoting gender equality and diversity, demonstrated by the 51% who reported to use ESG metrics in their investor reporting.
Here’s what BackBay and Osney Media had to say about the research
Bill Haynes, CEO and founder of BackBay Communications, said: “Gender equality and diversity is a huge topic in the industry right now. We were surprised to find such a big discrepancy between respondents’ views of their own company and the industry in general. This might be to do with the fact that historically such issues have been dealt with at a company level and that a co-ordinated industry-wide effort is only just developing.”
Jonathan Wiser, Director at Osney Media, added: “The industry is moving in the right direction regarding gender equality and diversity; but of course, more can be done across the board (and actually, also at board level). Increasingly firms are rolling out projects and initiatives, which is encouraging. We believe that moving forward, the asset management industry could become the role model across financial services, and moreover, should strive to be.”