Chart of the Day: Worryingly, almost 8 in 10 fund managers still use fax

The report showed that 10% of fund managers’ businesses are fully manual.

Over 79% of Singapore fund managers and asset servicers said they still use a fax machine at work whilst the market encourages digitisation in businesses.

A Calastone report showed that amongst Asian markets, fax use is most prevalent in Malaysia (87%) followed by Indonesia (84%).

Calastone said fax use is highest amongst investment managers that insource operations. It suggested that firms should tap external partners to help drive digital transformation.

“For managers and servicers operating in those fax-heavy markets, shifting towards a more modern means of communication presents a quick automation win and provides a clear opportunity to carve out a competitive advantage,” said Calastone.

About 600 fund managers and asset servicers in international markets were interviewed for this report.

Follow the link for more news on

Chart of the Day

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia