tailieunhanh - Fund administration in Ireland survey 2012 Managing uncertainty

To conclude this section, given full financial services of commercial banks, AMCs associated with commercial banks (BR) dominate mutual fund industry in Thailand. Three determinants of mutual funds growth besides funds performance are distribution channel, reputation of parent company, and effective communication between potential investor and fund representative. Therefore, asset management companies with better distribution channels, better access to clients through a bank's nationwide branches, and more efficient complete financial services from their parent companies have the advantage. Possessing the three determinants, a company can grab bigger market shares in both fixed income and equity funds through cross selling | Deloitte Fund administration in Ireland survey 2012 Managing uncertainty Leading business advisors Foreword Fund administration is one of the great success stories of the Irish economy. From humble beginnings in the early 1990s the Irish funds industry has become a global player servicing assets in excess of US trillion and employing 11 000 These assets are held in both Irish and non-Irish investment funds across the traditional and alternative asset classes. Ireland continues to benefit from the trend towards onshore regulated funds and the jurisdiction has attracted a whole new wave of fund administrators in recent years. Yet fund administrators globally are facing increasing challenges related to market uncertainty regulatory change cost and fee pressures operations and service levels. These trends were confirmed by our recent Fourth Annual Global Fund Administration In our Fund Administration in Ireland Survey we aim to drill down into these findings and gain further insights on strategy and operations as well as views on specific regulatory changes such as the Alternative Investment Fund Managers Directive AIFMD Foreign Account Tax Compliance Act FATCA and corporate governance. The findings reveal the extent of the uncertainty and challenges facing fund administrators in the current environment when fees may be falling due to asset volatility but client and regulatory demands on administrators are increasing. How do administrators future proof their business models enhance their profitability and provide more value added services In the following pages we set out the key industry issues views and priorities as articulated by Irish fund administration CEOs. We hope you find the survey report an insightful barometer of industry trends. Regards Brian Forrester Partner Investment Management Advisory Based on statistics from the Central Bank of Ireland and the Irish Funds Industry Association. 2 Available at http view en_IE ie