The experience of 2020 has triggered a major shift in the service provision relationship between alternatives asset managers and their service providers, according to Jay Peller, head of fund services at Citco.
Organisational restructure will see the closure of Societe Generale’s securities services offering to funds in the UK.
In the first of a new Friday Q&A segment, GC spoke to BBH's global co-heads of securities lending Thomas Poppey and Marney McCabe on asset manager lending strategies for 2021, the rise of peer-to-peer trading, and how technology is shaping new services.
The new version of the AFME DDQ also includes questions over how firms responded to the COVID-19 pandemic.
Report from ISSA and Oliver Wyman estimates that broader capital markets developments and trends will likely have a detrimental impact on securities services revenues.
The report stated increased automation of the middle-office and the use of secure cloud-based platforms should be key priorities for firms for next year.
COVID-19 crisis is accelerating outsourcing among asset managers who face a myriad of additional challenges such as competition, fee pressure and regulation.
ISSA's Phil Brown and Vicky Kyproglou discuss their vision for the organisation, and how the industry body plans to react to the ‘new normal’ in a post-COVID 19 world.