Strategic cost transformation in wealth and asset management

Part four of the OMFIF/EY Covid response series

Welcome to part four of our special series with EY on the economic response measures to Covid-19 crisis. In this edition, Marcin Stepan and Mike Lee, EY’s global wealth and asset management leader, discuss the pandemic’s effect on asset management. They focus on the financial fallout from the crisis as companies face shrinking revenues and operating margins. They examine the challenges and opportunities in strategically approaching cost reduction and control, while ensuring scalability and elasticity to meet future growth needs.

Read the transcript here.


EY Covid-19 crisis podcast series

Episode one – Stimulus transmission and the banking sector

Episode two – Stimulus transmission and its financial consequences

Episode three – Worldwide insurance heading for shake-up

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