The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
The survey found that of 100 participants, 69% said their trading and risk management requirements had changed as a result of the market volatility. A total of 63% said their firms had increased spending on trading and risk management technology during the past 12 months, and 57% said they expected to increase spending over the coming 12 months.
Respondents said the ability to monetise collateral is now much harder, and that risk systems need to be updated in order to cope with the increase in trading volumes.
In Asia, where there has always been significant growth potential for technology vendors, a number of market-specific events are also driving demand.
ôThe local banks in Korea are getting ready for the capital markets consolidation act and this is generating demand for risk management and portfolio management systems,ö says Stephen Knipe, senior project manager for Sophis Asia-Pacific. ôAnd that's why the package vendors in Korea have won a lot of business this year.ö
ôThe China market has not opened up yet but many vendors are making preparatory moves ahead of this happening,ö he adds.
Knipe says in other markets, like Hong Kong, Singapore and Tokyo, it is a case of business as usual. ôSome of the global organisations may have seen some impact from the credit crisis but itÆs not been noticed on the ground by vendors,ö he adds.
Sophis provides cross-asset, front-to-back portfolio and risk management technology for the capital markets, asset management and insurance industry. Global clients include investment banks, asset managers and hedge funds.
Sunsuper and QSuper appoints CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.
Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.
Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
AsianInvestor explains why we chose the winners of the second half of our 2021 fund manager winners, by major local markets.