Fund managers increasingly calling on consultants

20 April 2010
| By Mike |

Fund managers have been showing an increasing need to use third party consultants to help them navigate increasingly complex regulatory environments, particularly in Asia, according to new research released by RBC Dexia.

The research, resulting from the RBC Dexia Asia Poll, described regulatory barriers as being a major concern for the Asia Pacific fund industry, with 85 per cent of respondents to the poll identifying them as a significant challenge.

“Local laws and regulations across the region can make local market entry and cross-border fund distribution complex and costly,” the analysis said.

“This poll suggests that third-party support is needed for a fund manager to better understand the complexities of local markets and to provide detailed local knowledge and expertise to guide them through the sometimes murky waters of cross-border and regional distribution,” said RBC Dexia’s head of Asia Pacific sales and distribution Scott McLaren.

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