Blogs

Be the first person to recommend this.
Guest Blog: DPNA Industry Engagement & Events The Diversity Project North America connects industry professionals to collaborate on the issues and opportunities that are driving DEI in asset management. The Engagement & Events Committee shares findings and ideas with the broader industry community. Recently, the Industry Engagement & Events Committee met to discuss the content presented at the recent Fearless Leadership Symposium with the goal of summarizing and sharing the most tangible takeaways from the event. The FLS focused on practices that enhance productivity and promote the long-term sustainability of the asset management industry. ...
1 comment
Be the first person to recommend this.
Boston, MA -- November 2, 2022 -- Nicsa, a leading asset management trade association, is proud to announce the winners of the 2022 Nicsa NOVA Awards, which recognize excellence in innovation and leadership within the asset management industry. The 2022 award winners are as follows: Outstanding Service to the Fund Industry - Robert L. Gould Award Rheeta Wise, President, MFS Service Center, MFS Investment Management Strategic Leadership Award Anne Hebard-Duduch, Strategic Client Executive, SS&C Technologies Industry Innovation Awards Innovation in Distribution | Eaton Vance Advisor Institute | Chasing Positivity® Innovation ...
0 comments
Be the first person to recommend this.
Boston, MA – November 2, 2022 – Nicsa announced at its 2022 General Membership Meeting the election of five new members to its Board of Directors. The new Board members are as follows: Mike Mastroianni , US Head of Relationship Management, SS&C Kelli O'Brien , Director, Citi Charles Rizzo , Chief Operations Officer, Americas and EMEA, Head of Global Fund Administration, John Hancock Tosin Salami, Senior Vice President, of Product Strategy, State Street Bank John Stadtler , Partner, PwC Financial Services “We’re excited to expand our board with four new members who will bring expertise and insight to our work and long-term mission,” ...
0 comments
Be the first person to recommend this.
By the time Allie Shafer reached her mid-30s, she had transitioned socially as a transgender woman with one major exception: her workplace. Her company was located in Missouri, a state that to this day has no law prohibiting discrimination based on sexual orientation or gender identity. Around the same time, Shafer’s wife was diagnosed with rheumatoid arthritis, a painful, chronic, and debilitating inflammatory disorder. In addition to the cost of making a living, available treatments for rheumatoid arthritis were expensive — approximately $100,000 per year without insurance. Under Missouri law, the threat of being stigmatized or even fired at work ...
0 comments

Three Things Working Moms Want

Be the first person to recommend this.
“Never overlook the power of moms,” Chandra Sanders, VP of RISE at The Mom Project, said during a lightning session at Nicsa’s recent Fearless Leadership Symposium . “Why? Because moms are a force. A workforce.” At The Mom Project , Sanders works to create economic opportunity for mothers and women of color by helping them live their most authentic lives while maximizing their power, influence, and earning potential. Sanders said women who are moms bring a unique skill set to the workplace — one that should be recognized and sought after by hiring managers everywhere. “Moms act as the C-suite of their entire family,” she said. “They’re the CEOs, ...
0 comments
Be the first person to recommend this.
The key to gaining support for diversity, equity, and inclusion (DEI) across your organization is to clearly communicate the reasons "why" it is important: Faster innovation, better team-building, and increased profits are but a few examples. Once everyone is on board, the tactical side of embracing DEI — the “how” — can be even more difficult to navigate. But if there’s one industry primed to perform in that regard, it should be asset management. “We’re an industry that’s all about results,” Tom Wilson, Global Head of Talent Acquisition at Invesco, recently told attendees during Nicsa’s Fearless Leadership Symposium . “Just as we use metrics to ...
0 comments
Be the first person to recommend this.
Like most goals worthy of pursuit in life, the asset management industry’s focus on diversity, equity, and inclusion (DEI) is not a one-time initiative but an ongoing effort requiring continuous commitment, compromise, and even course corrections. “We have to fight hard against short-termism when talking about DEI — and serving our clients well from an investment perspective,” Carol Geremia, President of MFS Investments, told attendees of Nicsa’s 2022 Fearless Leadership Symposium . “Oftentimes, we’re so fearful of not getting it right that we lose focus on the journey necessary to make our efforts successful.” The session, moderated by ABC News ...
0 comments
Be the first person to recommend this.
In the early 90s, before Bill Proudman founded his global leadership development consultancy, he began to notice a recurring pattern. Regardless of the industry he was working in, straight, white males like himself outsourced diversity initiatives to people who have been historically marginalized and underrepresented. “If there were two women on the team, they were expected not only to teach us about gender and equality — but about everything diversity. The same for men or women of color or people who identified as gay or lesbian,” Proudman said. “The reality is, that’s not sustainable. It’s exhausting for those in the role, and it says that I, as a white ...
0 comments
Be the first person to recommend this.
Between Airbnb, Uber, and Amazon, we’ve seen numerous companies recognize unmet client needs in recent years — and change the rules of the game entirely. And, as was the case with hospitality, transportation, and retail, the asset management industry is ripe for innovation. What happens next is in our hands, according to Mel Lindsey, Founder and Managing Partner of Nile Capital Group. “If we don’t do something about the institutional asset management business, it’s likely to be disrupted by machine learning or whatever technology comes around next,” Lindsey told attendees of Nicsa’s 2022 Fearless Leadership Symposium during a session moderated by ...
0 comments
Be the first person to recommend this.
Chief US Economist Lara Rhame from FS Investments has been announced as a keynote speaker at Nicsa’s 2022 General Membership Meeting , an annual in-person event for industry professionals across the asset management industry. The event will take place in Boston on November 2-3 at the Renaissance Boston Waterfront Hotel. Lara Rhame is a Managing Director in the Investment Research group and serves as Chief U.S. Economist at FS Investments, where she focuses on macroeconomic financial market analysis to inform and develop the company’s long-term views on the economy, investment trends and issues facing investors. A self-proclaimed “petite woman with ...
0 comments
Be the first person to recommend this.
Boston, MA – October 11, 2022 – The Nicsa 2022 General Membership Meeting (GMM) will take place November 2 - 3 at the Renaissance Boston Waterfront Hotel . With timely insights into critical business pathing for the global asset management industry, the two-day event will provide educational sessions on the strategic implementation of key business initiatives impacting asset management firms, broker dealers, and financial services firms. Amid a landscape of market volatility, high inflation, and policy changes, the industry is resetting expectations, goals, and business models. The Nicsa GMM will provide 10+ hours of educational content broken out over ...
0 comments
Be the first person to recommend this.
Leader and innovator Ted Truscott has been announced as a keynote speaker at this year’s Fearless Leadership Symposium , the second annual DEI-focused event for asset management professionals hosted by Nicsa’s Diversity Project North America . Mr. Truscott will enlighten the FLS audience with inspiration from his decades-long career during the evening’s Rising Stars dinner in Boston on Oct 6. Truscott, chief executive of Columbia Threadneedle Investments, is known for his enthusiastic and energetic connection to people. Mr. Truscott will share his takeaways on a broad range of themes and personal experiences, including the importance of recognizing ...
0 comments
Be the first person to recommend this.
Boston, MA – September 15, 2022 – Nicsa is pleased to announce the 2022 awardees of its Rising Star Program , a mentorship and awards program aimed at providing networking and career development opportunities to diverse, aspiring leaders in the asset management industry. Watch video . Nicsa’s Diversity Project North America recognizes the importance of supporting emerging leaders with a program that not only provides recognition and exposure for diverse employees, but develops and hones the skills critical for retention and advancement of valued talent within the industry. The 2022 Rising Stars were nominated by member firms of Nicsa’s Diversity ...
0 comments
Be the first person to recommend this.
Boston, MA – September 7, 2022 — Nicsa , a leading global asset management trade organization, will be hosting its second annual Fearless Leadership Symposium in Boston on October 6-7, 2022. The pivotal two-day event will highlight leadership skills and sustainability practices that can enhance productivity and promote long-term growth in the asset management industry. The event will bring together an industry that has quickly come to terms with the “WHY?” of Diversity, Equity and Inclusion, and hone in on the “HOW.” Attendees will hear from industry leaders via powerful keynotes, interactive panel discussions, and succinct “Lightning Talks” ...
0 comments
Be the first person to recommend this.
Boston, MA – August 29, 2022 – Leading trade association Nicsa is celebrating its 60 th anniversary. The Boston-born association has expanded across geographies and business functions to cover all facets of the global asset management industry. View Anniversary Page . Watch Anniversary Video. The organization announced it will celebrate the milestone at its upcoming General Membership Meeting on November 2-3 at the Renaissance Boston Waterfront Hotel in Boston. Throughout its history, the association has evolved from a local Boston-based initiative to a globally focused organization focused on cutting-edge business themes such as product trends, ...
0 comments
Be the first person to recommend this.
Boston, MA – July 25, 2022 — Nicsa has announced the winners of its 2022 Blackwell Scholarship Awards . Blackwell Scholars receive up to four years of scholarship support, a mentor from a Nicsa member company, and access to career networking and internship opportunities. 2022 marks the 60 th anniversary of Nicsa , and the 24 th year of Blackwell Scholarship awards. The 2022 Blackwell Scholarship recipients are as follows: Lizbeth Flores | University of Albany | Class of 2026 Brendan Ridge | University of Pittsburgh | Class of 2026 John Shen | University of Massachusetts Lowell | Class of 2026 Ruth Shiferaw | Massachusetts Institute ...
0 comments
Be the first person to recommend this.
Boston, MA – June 30, 2022 – Nicsa welcomed eleven new Committee Chairs over the past six months who will each help support the nonprofit’s work to advance leading practices within the global asset management industry. Nicsa supports a variety of committees that are open to all employees of member firms, providing an excellent opportunity for all divisions, all departments, and all levels of management to participate in the development of industry solutions across myriad business lines. View full list of Nicsa Committees here. Committee Chairs are the visionaries responsible for establishing and tracking the mission of Nicsa Committees, as well ...
0 comments
Be the first person to recommend this.
The financial benefits of diverse workforces are no longer speculative — they’re proven. Today, mountains of evidence, including McKinsey & Company’s 2020 “Racial Equity in Financial Services” report, have established a direct correlation between profitability and the diversity of senior teams. The McKinsey report, for example, found that “ For every 10 percent more racially or ethnically diverse a company’s senior team is, earnings before interest and taxes are nearly 1 percent higher .” In a 2019 analysis, McKinsey also found that companies in the top quartile for gender diversity on executive teams were 25 percent more likely to have above-average ...
0 comments

Surfing the Alts Wave

Be the first person to recommend this.
A Guest Blog by Sanne-LIS, Luxembourg | ALFI Member Pierre Weimerskirch, Managing Director, Sanne-LIS, Luxembourg Over the last 10 years alternative investments have grown tremendously, with 2021 breaking records. Luxembourg, as a leading international hub for the distribution of alternative funds, has benefited greatly from this trend. Today, more than 6,000 alternative investments funds with more than USD 1.3 trillion of AuM are domiciled in Luxembourg [1] . The US is strongly represented. Among the top 10 US private equity (PE) managers, nine are present in Luxembourg. The central location of Luxembourg in Europe and its outstanding “ecosystem” ...
0 comments
Be the first person to recommend this.
Healthy Minds: The Next Big ESG Issue? Replay Session Moderator Marty Griffin, Vice President Operations, Northeast Retirement Services, kicked off the last session of Nicsa’s 2022 SLF with a quote from Blackrock CEO Larry Fink: “In addition to upending our relationship with where we physically work, the pandemic also shone a light on issues like racial equity, childcare, and mental health … these themes are now center stage for CEOs, who must be thoughtful about how they use their voice and connect on social issues important to their employees.” Panelists dug deeper into mental health and well-being in the asset management industry during ...
0 comments