Investment management consultancy Investit has released a new integrated benchmarking tool to allow asset management firms to compare their processes with their peers and industry best practice.
“The industry has become far more competitive over the last two years with different players coming onto the market. It is more important than ever for firms to implement a best practice framework,” said Peter Ellis, managing director, Invesit, in a statement. “The challenge is how to do this in the current environment when the value of assets is being reduced and IT budgets are under pressure.”
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