The vast majority of asset management chief executives see technology as key to their businesses' growth prospects over the coming year, while nearly 60% are pinning their hopes on dealmaking to stay ahead, according to a survey by PwC.

The survey of 189 asset management bosses across 45 countries, which was published on February 9, found that 85% are examining how to use technology, led by fintech applications like robo-advice, to boost their business. Around 64% viewed data and analytics as the most effective way to engage customers, although 61% saw the speed of technological change as a threat.