| Accountability For Enterprise Technology |
This CFO.com article touches on a challenge for large investment management business today: accountability and and engagement of IT throughout the enterprise. From the article:
"It's time (actually way past time) for executives to assume personal accountability for understanding and managing IT and to cascade digital accountability and authority down through their organizations by incorporating IT-smarts in job descriptions and hiring criteria."
Peter O'Toole
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| Outsourcing Transition Risk |
Middle office outsourcing transition risk is a hot topic at the moment and our Ben Keeler provides industry perspective on these critical business transformation efforts in a recent article (via S.T.M.):
"When outsourcing does make sense, asset management firms ... should not expect the outsourcer to take over processes "as is." The expectation should be for "world-class service.'' But many processes will have to be adapted to [provider] processes already in place that are proven and achieve that." More transition-related content > |
| Business Side of Compliance |
Citisoft's Steve Young provides his view on the evolving role of the compliance function in the age of regulatory reform in a recent edition of Waters (sub req'd). From the article:
"In the past, compliance was almost a necessary evil and seen as the police force of an organization, and now it's seen as much more of an integral part of how a company works," says Steve Young, CEO at investment management consultancy Citisoft. "Compliance is becoming more of a function of business process, and less of retrospective monitoring."
Read More >
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| RDR - Looking Stateside |
In January 2013, the UK will officially introduce retail distribution review (RDR), also known as the prohibition on commission-based payment schemes for advised sales. Those investment management firms with an active US presence have found that replicating existing US fee-based structures has given them a leg up on supporting the new requirement. This FT article offers up some solid examples of how firms are preparing for RDR and where "those that can draw from their experience and adapt quickly" can take advantage. Read More > |
| The Future Of The Internet |
 We like to mix it up on our blog and give you a view into compelling research that may effect our lives, in addition to our industry. Here is a recent presentation on internet trends by Mary Meeker, Partner at Kleiner Perkins that is a great example of non-financial services content that we can all take something away from. Slide 29 and on present some interesting findings on "the re-imagination of nearly everything." Read More > |
| 'Free Agent Nation' is changing the way we work |
Here's a terrific article from HBR on the rise of high-powered professionals that are choosing more flexible working arrangements and how many firms are tapping into this "free agent nation" for the benefits of their business. From the article:
"In a global business climate that's perpetually ambiguous-and that puts a premium on companies' ability to test ideas and change course on a dime-knowing how best to engage this lower-risk, flexible, and faster talent model can be a source of competitive advantage."
- Paul Migliore |
