Mid-office functions such as analytics, portfolio reviews, data mining and system governance were earlier handled largely through manual processes. Today, it is increasingly being supported by technology, helping reduce operational overheads while improving consistency and scalability, said Balachandran of TriGen.
Because a wealth management company may take time to start making a profit, sustainability becomes an issue, especially with PE firms investing in them, executives said. And over the period of time, with margins in the business coming down, sustainability is even more difficult.
