Euro wealth management tech market nears $2 billion

A recent report by financial industry consultancy Celent Communications, The European wealth management market: A strategy and IT perspective, anticipates the global wealth management industry's IT spending to total $3.9 billion by the end of this year, a growth of approximately 11% from 2007. Among European managers specifically, spending will see a 14% increase over last year.

Isabella Fonseca, senior analyst at Celent who wrote the report, expects the bulk of European wealth managers' IT

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