Confidence is growing among Europe’s asset management chief executives. Greater certainty over the economic and regulatory landscape, and efforts by cash-strapped governments to push savings reforms up the agenda, are fuelling expectations of growth, according to Financial News’s CEO Snapshot Survey.

The survey found that 95% of those polled predict their industry will increase net new business over the next 18 months - just 5% expect things to remain unchanged while none expects shrinkage. This more positive outlook compares with 9% of respondents last year who believed their industry would shrink, with a further 9% expecting no growth.