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Europe’s asset management industry is already in the process of moving to centre-stage not just within the financial services industry but in the broader economy, delegates have been told at PwC’s 15th annual European Asset Management Conference in Madrid last week. With banks retrenching their lending business under pressure from new capital rules and regulatory pressures, asset managers have an opportunity to play a major role in reform of the continent’s pension systems as well as the funding of small business and major infrastructure products, and the management of assets for the world’s fast-growing sovereign wealth funds, according to PwC experts and other leading industry members, including BBVA global asset management CEO Paloma Piqueras.
“With such a role,...
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