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  "documentTitle": "Reinventing Operations in Asset Management",
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      "text": "The majority have completed a major operating model change in the past three years, with the primary focus being process improvement.",
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      "text": "Widespread acknowledgement that operations must change radically to support firms’ evolving strategies. Operations leaders are responding to the need for change by calling for the disruption of several aspects of the investment lifecycle and are taking steps to transform their own operations. To do this, they’re taking concerted action to update their operating models. The majority have completed a major operating model change in the past three years, with the primary focus being process improvement. There’s also a strong consensus that the workforce must evolve to support the evolution of firms’ operations. Many asset managers are defining new skill requirements and refining their recruitment methods to obtain the talent needed for future success.",
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      "text": "While the challenges and responses differ depending on the size of the firm, what is certain across the industry is that operations leaders are responding to this ever-evolving landscape.",
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      "text": "Reviewing the research findings, it’s clear that many asset management firms are moving to address the market pressures and competitive forces in the industry. Ultimately, they understand that the best way to prepare for the future is to create it. Thus, forward-thinking operations leaders are acting to reshape and reinvent their operations and evolve their talent for a disrupted world.",
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