Complexity, that dirty word, still propels asset management
Products may be returning to simplicity, but business models for fund managers are not, says CitiÆs global head of fund services.
In the past year, 'complexity' has become a dirty word in financial services, particularly when it comes to investment products. Everyone's favourite buzzwords for 2009 have been 'transparency', 'simplicity' and -- winner of the AsianInvestor Cliché of the Year -- 'back to basics'.
This time last year, AsianInvestor wrote about how Neeraj Sahai, New York-based global head of securities and fund services at Citi, commented on the increasing complexity of the asset management industry.…
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