Asset Management

«When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.» Henry Ford, 1863-1947

„There’s life in the old dog yet“. Corresponding to that, the traditional Asset Management has outlasted almost without problems the development of index certificates at the beginning of the new millenium, the trend towards the alternative product classes (especially Hedge Funds and Private Equity) as well as the appearance of structured products. But however, the crisis also has distinctly influenced the Asset Management and structural changes will follow. Besides of fusions of Asset Managers, we expect that lots of banks will buy their services externally. And there emerges a huge market for creative minds who provide, out of small boutiques, their services to the banks and the clients correspondingly. Nevertheless, investors will continue to raise their portfolio interests of passively managed products (index certificates) in the future. According to this, the Asset Management industry has to carry on setting up and inventing itself new – Asset Management and Investment Banking will continue to grow together on the staff level as well as on the product side.