Accenture has joined forces with UK benchmarking firm Investit to launch a business analytics service for asset management firms to help with benchmarking, analysing and improving the performance of their business.
The service will provide research on the industry addressing issues such as client and product management, big data, cyber security, portfolio management analysis and distribution and operations.
Investit's team has joined Accenture's asset management practice to form the service, which will be led by Investit CEO Catherine Doherty.
Owen Jelf, senior managing director and head of global capital markets practice at Accenture, said: "The top 35 investment management firms in the UK alone spend about five billion dollars annually on technology and operations, but in the new wave of digital innovation many will need to rethink their strategies.
"Under heavy regulatory and market pressures, the health and performance of business processes and technology will be a growing factor in the competitive landscape.
"By bringing leading benchmarking experts and capabilities to Accenture's capital markets practice, we can help our clients compete in a fast evolving sector."
Doherty said: "Our team has worked with many of the world's largest investment firms, providing insights to help them make key business decisions.
"As part of Accenture we can scale up to provide world leading insights for asset managers across Europe, North America and Asia."
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