As part of this series, we asked Kai Nemec, head of risk and special tasks at Union Investment Luxembourg, about key issues in the industry for 2024. Nemec told Delano:

“The last 15 years have been very good years for the asset management industry. Fifteen years of low interest rates, 13 years of increasing stock markets. We believe that the asset management industry as such is a growth industry, but with a smaller slope of growth. [Opportunities are] higher than risk, even though risk [is] increasing. We will improve our competitive edge only through increased investments in digitalisation, sustainability and alternative products.”

“Therefore, we need to ask ourselves, as a group: what is beneficial for the future and what is not. Consequently, we must identify and reduce the unnecessary points and finance our investments independently from the economic environment.”

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