Asset managers frequently ask TowerGroup, "What will the key business drivers be in the coming year?" and "How should I respond?" Software vendors and consulting firms ask, "What are firms' technology priorities?" These questions are particularly relevant for 2008 as the asset management industry finds itself in a period of transition regarding how money is managed and what stakeholders expect and facing worldwide competition from traditional and alternative players and the disruption due to the credit crunch. To help the industry chart a course for 2008, TowerGroup has compiled the top 10 business drivers and the resulting top 10 strategic responses and technology initiatives.
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