2021 has been a year of action. While many firms paused large projects in 2020, this year has brought a notable increase in market activity, and a discernible shift in mindset from planning to executing transformation plans. In Q1, BBH added new business mandates from firms ranging in size from $1 billion to over $5 trillion.
Supporting this market movement, 30% of the executives interviewed for BBH’s 2020 C-suite asset manager survey told us they are more likely to outsource now than they were pre-pandemic. 75% said they were evaluating new product strategies, targeting new clients, or moving into new asset classes. All were looking to increase the efficiency of their operating model in some fashion.
This activity aligns perfectly with the solutions we are working on for clients and prospects and we thought it might be useful to highlight some broad themes: