Statistics from consultancy Aite Group showed that 24% of the world's 50 top asset managers "now have a chief data officer in place" but they "tend to last just under two years on average" in the role. Such a turnover could be a result of too little operational or financial support. However, chief data officers in sell-side firms typically stay in their positions for longer, according to Jonathan Gray, Aite Group's research director, where data management is a more mature operation.
Statistics from consultancy Aite Group showed that 24% of the world's 50 top asset managers "now have a chief data officer in place" but they "tend to last just under two years on average" in the role. Such a turnover could be a result of too little operational or financial support. However, chief data officers in sell-side firms typically stay in their positions for longer, according to Virginie O'Shea, Aite Group's research director, where data management is a more mature operation.