State Street chief predicts decade ahead

Low for ever, a risen China and climate change, are just some of the 10 changes set to sweep through the investment industry in the next 10 years, said Cyrus Taraporevala, president and chief executive of State Street Global Advisors. In his opening speech to 85 asset owners from 20 countries responsible for a combined $9 trillion assets under management at the Fiduciary Investors Symposium at Harvard University, Taraporevala described a brave new world where only the fittest survive.