Increased complexity in risk management is the biggest concern for institutional investors across the globe, a new survey shows.
Commissioned by BNP Paribas Securities Services and conducted by polling firm YouGov, the survey found the idea that risk management will become more complex is the biggest concern for 23% of respondents.
The survey spoke to 177 asset owners representing $6 trillion in total assets. A further 14% said the biggest concern was hiring and retaining talent; and 11% each said the ability to efficiently manage costs and the ability to efficiently use capital were the biggest concerns.
Respondents were made up of 34% from insurance companies; 33% from pension funds; 14% from official institutions including central banks, supranational agencies and sovereign wealth funds; and the rest from corporations. Geographically, 41% of respondents were from Europe, the Middle East and Africa; 32% from the Asia-Pacific region; 16% from North America; and the rest from South America.