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We’ve been talking about the inflexion point in the Wealth and Asset Management industry for a long time. From financial crises, regulatory tsunamis and the ever-increasing search for return in more alternative asset classes, we have often had a reason to think that the business of investment was going to radically change.

However, in reality, regulations and technology debt have always put pressure on margins, and broadly, businesses have continued to run in the same ways they always have.

Alongside the advances in technology and the abundance of data opening up a host of digital opportunities, COVID-19 and the increased necessity of global remote working has forced the role of leadership in Wealth and Asset Management to evolve.

How has the C-Suite changed?

  1. The language and terminology – moving away from the connotations term C-Suite holds around old-world hierarchical ways of leading a business.
  2. The unique opportunity to reassess ambition – the response to COVID-19 has shown many what we can achieve in a short timeframe, remotely.
  3. The broad acceptance that what has driven success before is no longer enough – service excellence, product innovation, constant co-creation and non-financial returns are all critical success factors for the business of the future.

 

If you would like to learn more about the changing role of leadership in Wealth and Asset Management, please contact Ben Lucas.