Introduction:
The sixth Meeting of Minds Asset Management took place on Thursday 5 March at The Berkeley Hotel, London.
These Meetings bring together the Chief Executive Officers and Chief Operating Officers from substantial asset management firms – both retail and institutional. The goal is to provide a platform for these very senior men and women to address the big issues they are grappling with. The Meeting is Chatham House and thus participants are encouraged to speak openly and frankly and share insights and learning in the knowledge that any comments they might make will be non-attributable.
This Meeting was held against the backdrop of rising concern around the Coronavirus. Firms were already shying away from substantial gatherings. So, the group who met were smaller in number than had been hoped but they were rewarded by the opportunity to hear David Heymann, Professor of Infectious Disease Epidemiology, London School of Hygiene and Tropical Medicine, who generously shared his insights into the pandemic which was beginning to affect all aspects of our lives. We felt he gave us a head start!
The Format:
A Meeting of Minds Asset Management is a biannual strategic forum organised by Owen James in association with Lansons.
The half day (breakfast through lunch) is a blend of roundtable sessions addressing a pre-researched and pre-agreed agenda with open discussion led by objective and professional facilitators; keynotes provided by external speakers whose remit is to spark debate and encourage fresh and original thinking; plus substantial networking both structured and unstructured.
The Findings
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CATEGORISING YOUR CLIENTS: RETAIL, WHOLESALE, INSTITUTIONAL – AREN’T THEY JUST CLIENTS?
Across the board, asset managers are seeing changes in how they think about their clients, and this has huge implications for the organisational structure of their sales and distribution teams
05 March 2020A Meeting of Minds - Asset Management - 5 March 2020
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MAINTAINING OUR POSITION AS A WORLD LEADER IN INVESTMENT MANAGEMENT
Our expert opened the meeting with the well-known quote ‘lies, damned lies and statistics’ and how they can be misleading and used to bolster weak arguments. According to EFAMA, the European trade association, there is £9.5trn (€11.5trn) in assets under management in Europe.
05 March 2020A Meeting of Minds - Asset Management - 5 March 2020
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PROVIDING VALUE FOR MONEY? IT CERTAINLY ISN'T JUST ABOUT GROWING THE POT. A LOOK AT THE FCA'S ASSESSMENT OF VALUE
The FCA’s assessment of value initiative will likely not change behaviour significantly in the next few years but marks an interesting step in the drive for improved standards of governance, transparency and accountability in the asset management industry.
05 March 2020A Meeting of Minds - Asset Management - 5 March 2020
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STEWARDSHIP – THE SAFE INVESTMENT OF CAPITAL TO CREATE SUSTAINABLE VALUE.
Rising economic inequality has caused public trust to decline and that, combined with the huge amount of company data in the public domain, has left companies vulnerable to reputation issues.
05 March 2020A Meeting of Minds - Asset Management - 5 March 2020
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TALKING ABOUT CLIENT ENGAGEMENT… THINKING ABOUT YOUR FUTURE CLIENTS… NOW HERE IS A GOOD IDEA…
The way in which asset managers communicate with clients is evolving due to digitalisation, an increased demand for transparency, and ESG products.
05 March 2020A Meeting of Minds - Asset Management - 5 March 2020