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Sustainability has become a core lifestyle value in recent years, driving demand in the asset management industry for Environmental, Social, and Governance (ESG)-based investment solutions. Nicsa members received updates on both the demand and supply side of the emerging market during a recent Webinar Wednesday event. Dan Bender, Managing Director at EY, moderated the session, which featured thought leaders from Accenture, BNY Mellon, and J.P. Morgan. “There's an accelerated amount of news and activity around sustainable finance in terms of both active and passive ESG, and sustainability-themed products,” Bender said. “In satisfying growing demand, ...
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Nicsa members will have the opportunity to hear the unique perspective of award-winning journalist, entrepreneur and host of the weekly syndicated political show, Matter of Fact, during the 2020 General Membership Meeting on October 9. Soledad O’Brien is CEO of Soledad O’Brien Productions, a multi-platform media product company dedicated to telling empowering and authentic stories on a range of social issues and a thought leader whose public engagement garners wide attention. O’Brien has had national impact with her books and speeches, and her presence on the nation’s op-ed pages and social media. During her career, O’Brien has anchored shows on CNN, ...
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Thought leaders and industry innovators from across the asset management spectrum will convene at Nicsa’s virtual General Membership Meeting from October 7-9. The speaker lineup features leading experts from a diverse set of asset management firms, broker dealers, and an extensive group of financial services firms. Thirty-seven speakers from 34 different companies will cover top-of-mind issues such as: returning to the workplace, inclusion and wellness, forward-looking business modeling, product trends and lifecycles, differentiation and competitive advantages, the economic and political landscape, and more. Keynotes : Jamie Dimon , Chairman ...
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Nicsa members received a generous dose of regulatory oversight during a recent Webinar Wednesday panel event moderated by Frank Maresca, Vice President of Broadridge. “The SEC has been very busy this year, both proposing and enacting rules that impact reporting,” Maresca said. “It is interesting to examine how these rules converge in making information for investors more digestible and impactful, as well as furthering the use of technology to drive engagement and investor insight.” The panel, which featured experts from Putnam Investments and Ropes & Gray LLP, was designed to help financial services firms worldwide navigate trends dominating the ...
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Boston, MA – September 2, 2020 —Nicsa, a global asset management trade association, announced that JPMorgan Chase & Co. Chairman and CEO Jamie Dimon , a financial industry leader and catalyst for innovation, will headline as a closing speaker at its 2020 General Membership Meeting in a Fireside Chat with Jim Fitzpatrick, President & CEO of Nicsa. The virtual event will take place on Friday, October 9 at 2:00pm EST. Dimon leads one of the largest financial institutions in the U.S., with assets of $3.2 trillion, which serves millions of customers and many of the world’s most prominent corporate, institutional and government clients. Among his many ...
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Dismantling systemic racism in the workplace is an effort that will require a fundamental shift in workplace culture and governance. After all, racism and biases rear their persistent and ugly heads in many forms, including fewer job opportunities, lower salaries, and less career advancement. One of the first steps in healing the wounds of racial injustice is a willingness to engage in open, honest, and sometimes uncomfortable conversations centered on inequalities in the workplace. Nicsa’s Diversity Project North America invited asset management industry participants to engage in such a dialogue during a recent event focusing on authentic allyship. ...
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By Justine Phoenix, Head of Diversity Project North America: I was honored to participate in J.P. Morgan’s recent internal round table discussion led by their AsPIRE & BOLD Business Resource Groups, titled “Rediscovering Ourselves: Understanding Racism and Discrimination in the Workplace.” The panel boldly and skillfully explored the topics of racism and discrimination in the workplace. It was a great opportunity to hear from senior leaders in the global asset management industry and how understanding biases has shaped the way they lead and manage their teams. Discussion such as this one will go a long way toward uniting firms, and ultimately ...
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Since March, leaders in the asset management industry have been forced to adapt to the new reality brought upon by the COVID-19 pandemic. Now, in the face of continued uncertainty, firms are doing all they can to develop policies and processes that will ensure a safe return to the workplace. Business continuity leaders shared how they’re establishing transition teams, complying with evolving health protocols, and developing communications plans during a recent Webinar Wednesday. (NICSA members can replay an archived version of the webinar here ). Elizabeth Arnall, Managing Director, Head of Sales and Client Management for the Americas, HSBC, moderated ...
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The Importance of Allyship

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By Jim Fitzpatrick, President & CEO of Nicsa: Amid the social unrest that has gripped the world in recent months, many industry executives have come forward to declare their growing awareness of the need for change. Others have committed to measurable action. While it is sometimes difficult to be hopeful in the midst of turmoil, I strongly believe that there is positive momentum building for diversity and inclusion in the global asset management industry, and I am proud to be working with industry leaders on the Diversity Project North America . One thing’s clear: we have far to go. It is Pride Month. It is Juneteenth. It is a poignant ...
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After ushering in the new decade on somewhat strong footing, the global asset management industry has witnessed a transformation rife with uncertainty and volatility on the heels of the Covid-19 pandemic. As a leading industry association with members across the global landscape—all possessing diverse and unique talents, experience and perspectives—Nicsa is committed to promoting best practices and connecting all facets of the community so that we can be stronger together. Over the past months, we have heard invaluable insights from our members on adapting to our new reality. We’ve compiled some of those insights into the following (and certainly growing!) list ...
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COVID-19 has wreaked havoc on business plans and flipped our social structure on its head. Founding members of the Diversity Project North America recently gathered to explore how to foster employee well being in this new work-from-home environment — all while keeping the spotlight on inclusion. Nicsa’s Diversity Project North America is an active, cross-company group of leaders, that works toward the promotion and acceleration of diversity and inclusion (D&I) within the asset management industry. The discussion featured experts from Ameriprise Financial, and BMO Global Asset Management, and Aon. (Listen to a replay here . ) “While ...
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As advances in technology and other trends continue to reshape the role of the financial advisor, it’s clear that an agile approach is key. Members had the opportunity to explore the most important actions advisors are taking to change their practice and what they will need to be ready for the future during Nicsa’s SLF in February 2020. Scott Smith, Director, Advice Relationships at Cerulli, moderated the panel, which also featured experts from Invesco and Morgan Stanley. “A little over five years ago, it seemed like robo-advisors were going to put all of us out of business, and the self-directed market was going to explode — obviously, we haven't seen that ...
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Nicsa members received an in-depth look at vendor oversight programs from the perspective of both asset management firms that have outsourced key functions and the service providers they’ve hired. The event took place in February 2020. Marc Lotti, Partner, Division Head, Cybersecurity and Risk at ACA-Aponix moderated the event, which also featured thought leaders at SS&C Technologies, Inc., Putnam Investments, Vanguard Group, Inc., and T. Rowe Price. David Cook, Manager-Procurement at SS&C Technologies, Inc., said that from the vendor side, the enhanced need for risk management has led clients to demand more formalized and centralized governance. ...
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Asset management firms know that a data-driven approach can help them make smarter, more informed decisions. But should they be searching for the elusive data science unicorn — a seemingly mythical leader in problem-solving, business, and technology? A panel of experts explored this question during a breakout session at Nicsa’s SLF in February 2020. Brian Foote, Vice President, Data & Analytics at Broadridge, moderated the panel, which also featured experts from Delta Data, Janus Henderson Investors, and T. Rowe Price. Shonyel Lyons, Vice President, Enterprise Data Governance at T. Rowe Price, said the ideal data scientist possesses more than just programming ...
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FinTech firms are increasingly making an impact on the asset management landscape — but what specific forces are driving this disruption, and where will they lead the industry? Members explored this topic during an interactive educational clinic held at Nicsa’s latest SLF event in February of 2020, moderated by Dennis Gallant, Senior Analyst at Aite Group, and featuring leaders from Fidelity and Financeware. "The Achilles heel for any retail advisor is his or her capacity, both in time and knowledge,” Gallant said. “If you're advisory based, if you're offering financial planning, there are only so many clients you can provide those services to — so advisors ...
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A diverse panel of tech experts took the stage at Nicsa’s recent SLF to share their perspectives on the asset management industry’s digital transformation trends — from blockchain and artificial intelligence (AI) to behavioral biometrics and cybersecurity. The session, moderated by Lyndsay Noble, Director of Data Science at SS&C, featured thought leaders from BNY Mellon, Securitize, and Fidelity Investments. Beyond Blockchain Carlos Domingo, Co-Founder and CEO at Securitize, said the biggest misconception surrounding blockchain is that it’s being promoted as a solution for the world’s largest problems. “Blockchain, in particular, only solves certain ...
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While the majority of today’s millionaires live in North America, the fastest growth is occurring in international markets. According to a 2019 study by Boston Consulting Group , revenue in Asia’s private banking sector alone could equal or exceed that of Western Europe by 2023. Jennifer Hoopes, Senior Managing Director and General Counsel at Foreside, pointed to this study during a session on the future of the global investment market at Nicsa’s recent SLF. Hoopes moderated the panel, which also featured experts from ALFI, Allfunds, Matthews Asia, and Wisdom Tree. “With the vast majority of growth in millionaires across the globe in Asia, Africa, and Latin ...
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It’s no secret that the upcoming presidential election may have a significant impact on the asset management industry — but what should we expect? Candi Wolff, Head of Global Government Affairs at Citi, gave Nicsa members her perspective on the issue as a keynote speaker at Nicsa’s SLF in late February. Wolff, who served in the White House as President George W. Bush’s chief lobbyist, made history as the first female to hold such a position. Today, she uses more than two decades of government relations experience to identify policy issues that may impact Citi and the industry at large. “This election is not about what the national polls tell us,” Wolff told ...
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“The one thing I know for sure is that change will be constant,” Jeff Ringdahl, President and COO at Resolute Investment Managers told Nicsa members during a panel discussion at the 2020 Strategic Leadership Forum in February. The conversation, which was moderated by Paul Kraft, US Mutual Fund and Investment Adviser Practice Leader at Deloitte & Touche LLP, and also featured leaders from Thornburg Investment Management and the Nicsa Diversity Project North America — was centered on growing, running, and serving the asset management business. “At the end of the day, we are trying to attract the best and brightest managers and market our strategies ...
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Nicsa members kicked off the 2020 Strategic Leadership Forum in February with a deep dive into fee structures with Wall Street veteran Peter Kraus. For more than four decades, Kraus worked at major financial institutions — including Goldman Sachs, Merrill Lynch, and AllianceBernstein (AB). In 2018, as a vocal proponent of pay-for-performance compensation models, Kraus teamed up with the Italian insurance company Generali to launch Aperture Investors , which he now governs as chairman and CEO. The asset management company, headquartered in New York, offers actively managed strategies with performance-linked fees. Kraus opened the presentation ...
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