Building on results of Performance Intelligence, McLagan and Casey Quirk's annual study of asset management company financial performance, this paper highlights the challenges facing asset management firms.
There has been lots of talk about increasing salaries in financial institutions. This is particularly surprising given that relative performance is, for the most part, declining.
Since the people raising the issue are neither naive nor stupid, there must be a method behind the madness. When you scratch the surface there are some very good reasons...
There is a lot of noise in the market and in the press that seems to suggest that many banks and financial services firms of all types are increasing salaries broadly – a sentiment that is reinforced by those lobbying for such action.