Asset Management 2024: Focus on technology, employees and ESG

CEOs in the wealth management sector are largely optimistic about the future of their industry. The majority expect profit growth of 2.5 per cent or more over the next three years.

KPMG 2024 Asset Management CEO Outlook: Strategies for growth and resilience

This is shown by the results of our KPMG 2024 Asset Management CEO Outlook. The report provides exclusive insights into the strategies and future prospects of the asset management industry.

Progress on diversity and inclusion and securing talent go hand in hand in asset management. Over 77 per cent of CEOs are convinced that real change must start with more diversity at management levels in order to create the basis for long-term growth. At the same time, 71 per cent see the looming talent shortage as a risk to the company's development over the next three years.

Maren Schmitz

Partner, Financial Services, Head of Asset Management

KPMG AG Wirtschaftsprüfungsgesellschaft

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Technology takes centre stage: AI and cyber security

75 per cent of the CEOs surveyed consider artificial intelligence (AI) to be a key investment priority. At the same time, 60 per cent of managers express concerns about ethical aspects. Cybersecurity remains one of the biggest challenges, as 83 per cent of CEOs fear that regulatory hurdles could make the use of AI more difficult.

ESG: CEOs remain sceptical about net zero targets

CEOs emphasise how important ESG initiatives are for the long-term success of their companies. 62 per cent have already fully integrated ESG strategies into their business operations. Nevertheless, only 45 per cent believe that they can actually achieve their net-zero emissions targets by 2030.

Lack of skilled labour as a brake on growth: CEOs focus on increasing staff and transferring knowledge

71 per cent of CEOs see the shortage of skilled workers as a risk that could slow down their company's growth in the coming years. To counteract this, 89 per cent of managers are planning to increase their workforce over the next three years. Knowledge transfer is a particular concern here, as the baby boomer generation is increasingly leaving the labour market.

KPMG Study 2024: Insights from 125 CEOs from 11 countries

The KPMG study is based on the views of 125 CEOs from eleven countries. The turnover of the companies headed by the CEOs surveyed totalled more than 500 million US dollars. Download the KPMG 2024 Asset Management CEO Outlook Report now.