PwC Asset Management CEO Series 28 March 2014 | Page 11

Setting the scene Initiatives to overhaul the business remains focused on the same areas Restructuring activities initiated by CEOs – past 12 months and next 12 months 1 Cost-reduction initiative 1 Cost-reduction initiative 2 New strategic alliance or JV 2 New strategic alliance or JV 3 Outsourced a business process or function 3 Complete a domestic M&A 4 Completed a domestic M&A 4 Outsource a business process or function 5 Completed a cross-border M&A 5 Complete a cross-border M&A Source : PwC 17th Annual Global CEO Survey – Asset Management PwC 11