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2013 Business Expense Benchmark Survey
Chart 26: European vs. U.S. Management Company Expenses: Operations & Technology
(Excluding Investment Management)
Source: Citi Prime Finance. EMEA dataset reflects 35 firms with total AUM of $168.5 billion. U.S. dataset reflects 68 with total AUM of $288 billion
5%
10%
15%
20%
25%
30%
35%
+30%
+5%
-1%
+9%
+1%
+21%
$100M
$500M
$1.5B
$5B
$10B
>$10B
EUROPEAN COSTS RELATIVE TO U.S. COSTS
0%
-5%
Chart 27: European vs. U.S. Operations & Technology Costs as Percentage of Management Company Costs
(Excluding Investment Management)
$100M
$500M
$1.5B
$5B
$10B
>$10B
45%
50%
55%
60%
Source: Citi Prime Finance. EMEA data set reflects 35 firms with total AUM of $168.5 billion. U.S. data set reflects 68 with total AUM of $288 billion
25%
35%
PERCENT OF TOTAL MANAGEMENT COMPANY COSTS
Europe
U.S.
30%
40%