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By Régis VEILLET, Head of Business Development Cross-Border Fund Solutions, Societe Generale Securities Services in Luxembourg
While certain areas of finance still have to fully recover from the 2008 financial crisis, there is one industry that has been doing especially well since then.
Asset Management has been on a roll for years with impressive growth rates over the last decade. Riding not only one of the longest bull markets in history, but also a continuous increase in global wealth accompanied by low interest rates, Asset Under Management (AUM, a key measure of industry health) grew from USD 39 trillion in 2008 to USD 79 trillion in 2017(1) according to BCG (Boston Consulting Group). While AUM declined slightly in 2018 – that was largely due to...
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