As capital markets firms experience economic uncertainty, market volatility and trading volume peaks due to the COVID-19 pandemic, the collateral management function – as it did in the financial crisis starting in 2008 – is again coming into focus. While collateral management may not be in the spotlight during most market cycles, its importance is…
Here’s a question for you: Is data governance part of your overall business strategy? If yes, well done – your asset management firm is likely on a good track to become a data-driven company. But if not, well, read on. Why is data governance critical? Just like your investment portfolio and customer relationships, your data…
As Winston Churchill once said, “Never waste a good crisis.” For asset managers, the COVID-19 pandemic has surely altered the path to business success. At the same time, there might be opportunities in areas like mergers and acquisitions (M&A) coming up. The economic hardships of COVID-19 make it more likely that banks and insurance companies…
Our latest survey, Survive and Thrive to 2025: Insights from the Wealth Management C-Level, shows how the wealth management industry remains attractive, even during a time of great industry turmoil. Over a short period, the industry has entered a much tougher environment with major volatility and uncertainty. Industry-wide transformation and digital disruption were already well…
“We all need to do more.” Bank of America Chairman and CEO Brian Moynihan, June 2020 With this quote, Brian Moynihan announced Bank of America’s $1B commitment to aid local communities dealing with economic and racial inequality that’s been exacerbated by the coronavirus outbreak.1 In doing so, he helped pivot the already growing environmental, social,…
The COVID-19 pandemic is a profound health and humanitarian crisis that has brought significant economic hardship for many people around the world, and it will continue to impact our lives for many months to come. At the same time though, we have witnessed an incredible spirit of resiliency with communities and companies coming together to…
