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| 1 minute read

A Bright Future for the Asset Management Industry

It can be expected that in the coming decades all industries will put greater emphasis on seeking talent whom can display digital competency and are more aware of cross-cultural differences. The asset management indstry will be no exception to this trend and will also prioristise candidates who possess an insight across various asset classes, as we can already see that diversification will be key to reducing risk in tumultuous times.

The industry will strive for even more transparent dialogue with clients who require both impactful and financial returns as investments become significantly more sustinability-orientated.

Gains in Artificial Intellgience could drive an increase in the availability of ultra-customisable thematic funds which allow clients to hand pick based on societal value. 

The current emphasis on diversity within hiring processes, as well as a more general shift towards mid-career path changes, should see an increase in the number of Portfolio Managers from diverse backrgounds. Encouraging this kind of inclusion will create a more reliably and consistently creative workforce. Likewise, talent will be attracted to employers who share these kinds of employment philosophies. 

Lastly, sensitivities to urban congestion and valuing an employee's mental health will not only see an increase in flexible working arrangements but also growth in the number of Human Resource Management positions. 

Overall, the industry is a long way off but on the right path to achieving this kind of social growth from within.

In 25 years, we expect financial services will be even more diverse, inclusive and equal. This will have a positive impact on the asset management industry, helping to drive further innovation and creativity for investors. The future of diversity in the industry must be understood in the context of the working environment more broadly, which will be increasingly shaped by demographic, technological, social and environmental trends.

Tags

executive search, recruitment, asset management, diversity and inclusion, impact investing, esg, recruitment trends, asset & wealth management

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