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By Thomas Steiger, Chief Executive Officer of VP Bank (Luxembourg) SA
The traditional style of asset management is a thing of the past. The future belongs to innovations and novel business models. So even in the ostensibly plain-vanilla world of asset management, there are in fact exciting possibilities.
Innovation is not just of tremendous importance for the manufacturing industry – it is also a crucial factor in the services sector. For instance, without innovation there would be no automatic teller machines, no e-banking; and it is in greater than ever demand at present due to the enormous flood of new regulations that need to be integrated rapidly and professionally into banking business routines.
New challenges...
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