NEWS
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Italy. Meriton said he expects that activity to continue in other countries, specifically Brazil. “We are working very actively in Brazil, so we’re anticipating seeing some exciting announcements in that market as well,” he said. New business in these new markets is being driven by an increasing need for efficiency and the sovereign debt crisis to an extent, said Steve Engdahl, senior vice president of product strategy. “The sovereign debt crisis has created tremendous pressure to banks in those MIKE MERITON countries,” he GoldenSource CEO said. “Not a lot of projects are getting greenlighted,” he added, though there are exceptions for projects that will consolidate duplicate systems. Those projects are getting the funding because of the clear and quick return on investment, he noted. The other significant driver is a desire within those markets to reach outside investors, he said. As firms in these regions attempt to expand their
cross border business, they are realizing their old methods of processing won’t work and that they need to adapt their processes to incorporate the accepted standards, Engdahl said. “Firms are dealing with old mechanisms that can’t change fast enough to adopt standards that are happening elsewhere in the world,” he noted, adding the third-party vendor route is a way for these firms to adopt the standards out of the box. TRADING FIRMS
Report: Volatility, liquidity lower level concerns for buysiders
Institutional asset managers are focused less on market issues such as volatility and liquidity in light of low interest rates and worries over portfolio returns, according to a report out last week from Natixis Global Asset Management. The firm’s 2013 Global Survey of Institutional Investors indicates just 2.8% of respondents – including chief
investment officers, portfolio managers, pension fund managers and others – cited volatility as one of the biggest challenges for their organizations. Though respondents are concerned about mitigating the impact of volatility over the next three years (42% said they expect significant difficulty managing this) and keeping to asset allocation targets in spite of volatility (38% said they expect to have some difficulty), verbally respondents were more likely to cite performance and returns (20.3%) and interest rates (13.5%) as their biggest challenges. Liquidity issues were of least concern to respondents with just 0.2% citing it as a key concern. Institutions are expecting to pile into real estate and emerging market debt investments in the longer term as they look to diversify their portfolios, according to the report. More asset managers (58%) expect to increase their allocations to global equities this year than in real estate (41%) or emerging market debt (44%), but that is expected to shift over the next three years when real estate will lead the pack (58%) closely followed by emerging market debt (51%) as alternative investments of choice.
TECHNOLOGY
Nomura Research Institute looks to add to mobile CRM
T
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