Fund firms warned of industry revenue shift

Few asset managers are aligning to the future revenue opportunities in Asia Pacific, warns consultancy Casey Quirk* – namely insurance companies, retail investors, regional private banks and defined-contribution pension schemes. The firm forecasts the market share of these segments will rise to 58% of regional assets under management by 2018, from 36% in 2013. It argues sovereigns, large pension schemes and global private banks – the previous buyer preferences – represent a shrink…