To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.
PIMCO CEO Manny Roman said he's investing significantly in four technology areas: pre-trade analytics, cybersecurity, cloud migration, and disaster recovery.
Even though he said the $1.7 trillion asset manager is doing well compared with its peers in tech, he said he can't invest enough, since new entrants could be a step ahead.
The CEO of one of the biggest asset managers spends a lot of time and money on technology - but he admitted his efforts may not be enough to stay ahead of new competitors.
At Morningstar's annual investment conference in Chicago last week, PIMCO chief executive Manny Roman highlighted a number of technology priorities for the firm:
Pre-trade analytics: Roman said the complexity of making sure compliance reviews every trade and then allocating it automatically to different accounts is "incredible" but critical to the business.