2021年资产和资产管理：准备转型变革

1、2021年资产和资产治理：准备转型变革2021年资产和资产治理根据Roubini ThoughtLab的最新报告,在未来五年,预计区块链应用将增长43%通过和资产行业的领先机构合作,Roubini ThoughtLab进行了一项研究,题为?2021年资产和资产治理：准备转型变革? (Wealth and Asset Management 2021: Preparing for Transformative Change. ).该研究进行了大量的定量研究,研究数据来自10个世界市场中的2000位投 资者和世界500强公司,采用了来自25个国家的经济模式和预测,同时借鉴了 40多位市场领导者、经济

2、学家、技术人员和投资专家的意见.报告显示,金融行业的大量变化出现在我们身上.从北美出现了越来越多的女性投资者,到越来越多的中产阶级出现在新兴市场就可以看出这点.与此同时,人工智能、虚拟现实、区块链和实时分析这些智能技术是投资供给商正在拥抱的 技术.因此,该报告预测截止2021年,这些智能技术的结合将会对资产行业产生 巨大影响,翻开多元化投资者的全球资产大门. 然而,在一个快节奏的市场环境 下,投资者要了解他们客户的需求和行为,并进行适当的技术变革,以满足他们的要求,这点很重要.普特南投资公司(Putnam Investments )的首席执行官 Bob Reynolds评论 该报告时称,商业行

3、动处在循环周期当中,有些是很严重的.即使对于有经验的专家来说,这种市场都是一个非常困难的环境.回忆2021 年的经济危机,见证了行业领导人帮助公司度过债务危机,这次危机导致市场发 展速度放缓,油价降低. 因此,经济学家Nouriel Roubin 博士在报告中说：“缓慢增长和低利率会成为新的常态.然而,虽然Roubini相信一场暴风雨正在逼近,但是还有人认为最大的市场 剧变来自行业内部.瑞士联合银行(UBS首席运营官Dirk Klee 说：“资产领域将经历一种巨大且快速的变革. 这不是由于监管或低利率,而是 来自消费者,他们希望有一种数字体验.报告说明,资产效劳供给商和投资者同意区块

4、链技术正在改革资产行业.46% 的受访效劳供给商和52%勺投资者认为剧烈的竞争和金融科技公司的增加, 是未 来五年驱动变革的主要因素.期待新兴市场报揭发现,只有11%勺公司和31%勺数字领导者有监测下一代技术的系统. 为了满足消费者需求,数字领导者要时刻保持领先地位,尽早抓住最新潮流.最具影响力的技术是快速开展的智能技术,由于可以增强消费者体验,让公司领先于其他公司.2021年前技术实现的增长包括：人工智能实现128%勺增长, 远程信息处理实现72%勺增长,区块链技术实现43%勺增长,定位技术实现26% 的增长.西北通道企业Northwest Passage Ventures 创始人兼首席执行

5、官 Alex Tapscott在报告中说,区块链是资产行业的游戏变革者.可是, Margaris Advisory的风投资本家兼创始人 Spiros Margaris 在接受Bitcoin Magazine 的 采访时说,他认为区块链技术可以最终成为某些行业的技术变革者,并且对资产治理行业是极具吸引力的,是由于可以去除中间商,以更低的本钱提供更快速的 结算. 他补充说：“但是,我认为,将区块链比作神奇的子弹,不管应用到那个行业都可以带 来巨大利益,节省本钱的说法是由过度炒作的嫌疑的.对金融科技来说,除了区块链技术,人工智能AI和物联网技术loT 预计在2021年之前会更具变革力.本月

6、早些时候Forrester Research 发布的一份报告显示,未来五年中,这 两项技术将给金融科技公司带来更大的开展时机,提升消费者的参与度.Margaris对此表示同意,他说寻求开展时机的公司通过投资 AI和10T会比 投资区块链更快的看到结果.他说：“我们正处在区块链的初级开展阶段,区块链行业仍然在寻求主流采用的最佳应用案例.一个相对较新的市场区块链最初提出是在2021年,但是作为一种相对较新的技术,还是带来了 很多利益,特别是对金融效劳公司来说.报告显示,45%勺供给商说他们现在正在探索区块链技术,64%勺供给商希望在五年内扩展他们的应用.当然,虽然区块链可以带来许多优势,但是根据对

7、当前应用的实验,如技术 加速器中的实验结果,说明在提升广泛采用度之前,还需要做很多工作.Margaris 说：“越来越多的公司,从现有企业到金融科技初创公司,都在用概念证实进行 区块链实施实验.不管刚开始他们认为区块链技术理念如何疯狂或无用, 但是很 快我们就会看到区块链的真实进展和优势.虽然区块链应用案例的突破可能不会在未来五年中实现,但是Margaris认为这是有可能的,由于随着区块链领域的投资增加,许多参与者都想从区块链突 破中获益.roubiniTHOUGHTLABWealth and Asset Management 2021:Preparing for Transformative

8、 ChangeA white paper produced in conjunction with:Bank of Montreal, Broadridge. CFA Institute, Cisco, elbro, Schroders, SEI, and State StreetTable of ContentsPreface21. The Big Shift52. The Rapidly Evolving Investor.133 Rethinking Product and Market Approaches194. The Future Wealth Advisor.285. The

9、Road Ahead: Driving Digital Transformation38PrefaceEverywhere you look, the signs of change are there. The demographics of wealth are shifting dramatically around the worldfrom the growing dominance of women investors in North America to the rising middle class in emerging markets. As part of this s

10、hift, the wealth industry will see trillions of dollars of wealth transfer from baby boomers to a new generation of digrtal natives wrth very different investment behaviors.At the same time, technology is linking billions of people and devices through real-time connections, reinventing how investors

11、 communicate, interact, and make decisions Artificial intelligence, virtua realrty. blockchain, and real-time analytics are just some of the smart technologies investment providers are embracing Over the next five years, the impact of these economic, demographic and technological megachanges on the

12、wealth profession will be profoundTo help wealth executives understand the far-reaching implications, Roubini ThoughtLab, an independent thought leadership consultancy, teamed up wrth a coalition of leading organizations from the wealth industry to conduct a rigorous study, titled Wealth and Asset M

13、anagement 2021: Preparing for Transformative Change The complexity of these issues and the scope of:he project required a comprehensive research program based on extensive quantitative analysts of 2,000 investors and 500 wealth firms across 10 world markets; economic modeling and forecasting across

14、25 countries, and expert opinions from more than 40 market leaders economists, technologists, and investment specialistsWe would like to thank the sponsors of Wealth and Asset Management 2021 Prepanng for Transformative Change, who contributed financial and intellectual support to this ground-breaki

15、ng research program. Without their kind support, this study would not have been possible.Bank of Montreal Terry McDougall. Head of Marketing, US AtealthManagement and Global Asset ManagementBroadridge Steve Scruton, President of Broadridge Advisor Solubons Traci Mabrey Head of Weath Solutions at Bro

16、adridge Financial SolubonsCisco Systems Lem Selvaggio Global Marketing Lead. Financial Industry Joseph Pagano, Practice Advisor. Financial Services Digital Transformation GroupCFA Institute Bob Dannhauser Head of Global Private Wealth Management John Bowman. Managing Cirector AmericasSchroders Dunca

17、n Lamont. Head of Research and Analytics Magnus Grimond. Research ContributorSEI Al Chiaradonna Senior Vice President. SEI Wealth Platform North America Private Banking Kevin P Barr Executive Vice President of SEI and Head of SEIs Investment ManagementState Street John Bolton. Vice President Thought

18、 Leadership, Global Marketing Meredith Kaplan. Vice Presdent. Research. Global MarketingoToro Yoni Assia. Founder and CEO Elad Lavi. Executive Assistant to CEO3 PftfFAaWe would also like to thank the advisors to our project who offered their guidance and valuable insights These include Bill Janeway,

19、 Managing Drector Vrburg Pincus; Rodolfo Castilla. Global Head, Wealth Management Products and Platforms Citi Consumer Bank; Daniel Tu. Chief Innovation Officer Ping An; Amrt Sahasrabudhe, Head of Wtealth Management Strategy and Digital Solutions. RBC Stefan Tirtey. Managing Director, CommerzVenture

20、s; Joseph Pawson Vice President. Bank of Tokyo-Mitsubishi UFG. Andy Nusbickel, Senior Manager, Financial Advisors Marketing Vanguard, Dimple Shah Senior Vice President, Head of Corporate Strategy. LPL: and Nancy Davis. Managing Partner And Chif Inva攵tmant Officer. Cisdrafig CapitalWe would like to e

21、xtend special thanks to Dr. Nouriel Roubini. who generously shared his time and provided us with a valuable vision of the future His team of macroeconomists modeled the irrpact of demographic and economic trends on the wealth landscapeThe project has brought together an extraordinary group of execut

22、ives and experts from across the wealth ecosystem -including private banks, family offices personal wealth advisors, mutual funds companies full-service banks, alternative nvestment firms, fintechs, technology companies and consultancies The result is fresh, evidence-based research providing actiona

23、ble insights into how investment providers are rethinking their strategies products, and processes to succeed in a rapidly transforming marketplace We are proud to be part of this inhative and hope it will help wealth executives cope with the challenges and enormous opportunities that lie aheadLou C

24、eliCEORoubini ThoughtLabi.The Big ShiftBy 2021, the convergence of technological economic, and demographic trends will transform the wealth industry unlocking immense global wealth across a diverse universe of investors. But these investors will also have rising expectations and the willingness to s

25、witch provKiefS rfthe demands are unmet In such a fast-changing marketplace, investment providers need to fully understand their customers priorittes and behaviors and leverage technology to meet their changing needsWinds of changeChange is a constant in the global wealth industry. The business move

26、s in cyciM and some are severaj say* rrarkH veteran Bob Reynolds President and CEO of Putnam Investments But even for experienced prdeionals. recent market turn have been particularly tumultuous. Since the sub-pnme meltdown and Great Recession of 2021. industry leaders have needed to navigate their

27、firms through a Eurozone dett crisis, an emerging martcet slowdown, and a collapse in oil pacesWth monetary policy losing its efficacy. Fiediocre groMh and low interest rates have become the new nor-nal/ according to economist Dr Nounel Roubini He sees a dangerous storm looming a nsing tide of natio

28、nalism that can shake the very bedrock of global markets Brexit is 曲 proverbial canary In the c81mlM/8ys Roubint -lt signals a broad populist backlash against globalization, labor migration, and open markets NNe Roubini does not think this is a -Lehman moment： he sees a higher risk of EU and Eurozon

29、e disintegration and other potential global disruptionsBut Ork Klee. COO of UBS. believes the biggest market upheaval will come from within the industry itself The wealth sector is going through a tremendous, fast shrtt.* siys Klee not because of regulaticn or low interest rates but from customers a

30、nd their desire for a digitally enabled expenence.* Investment advisors Ciark Blackman II. Founder and CEO of Alpha Wealth Strategies agree: This is a watershed moment for the investment advisory business *Indeed, our research shows that a convergence of technoogcal. economic, demographic and consum

31、er trends will turn the wealth profession on its head by 2021, reshaping customer expectations disrupting business models and altenng advisor rotes These new realities v0ll require investment providers to drive wide-ranging digital transformation ex face extinction at the hands of competitors both o

32、ld and new5 THf BIG SHIFTTechnology changes the gameWealth service providers and investors agree that technology is revolutionizing the industry Of the top five xtemal forces of change cited by surveyed mvestment providers, three relate to technology: new technology, including mobile analytics and s

33、oaal media: a greater range of competitors, including tntechs (financial technology companies), and threats to cybersecurity Similarly, in a separate survey, investors put three techndogy-related issues on their top-five list cybersecurity threats a greater range of wealth providers, including fInte

34、chs, and digital access to investment providers. (See Figure 1-1.)As Rodolfo Castilla Global Head of Wealth Management Products and Platforms at Citi Consumer Bank, puts : -Across all generations, all demographics, all segments digital and omnichannel interaction will be mandatory for our clients In

35、 the very, very short lean/Likewise Julius Baer, a Swiss private bank, sees technology as a game-changer It will have a tremendous impact on weafth managers in private banking., says Burkhard Varnholt unbl recently the banks Chief Investment Officer. Technology wil - and must - dramatically lower th

36、e cost of awsory services As always, technological change will have its strongest epact through business transformation Joseph Pagano. Practice AcMsof. Financial Services Digital Transfamaton Group at Qsco Systems, explains. Mts very likely we re going to see major changes in business models The iPh

37、one was launched only nine years ago Think about all the different mdustnes that have changed in dramatic fashion, and how quickly, since.But technology is a double-edged sword able to stir up new compeWicn. both from fintechs and nimble incumbents Indeed, both providers(46%) and invertors (52%) see

38、 heightened competition and the rise of fintechs as the man driver of change over the next five years. Some providers, such as mutual funds (63%) and altematve investment firms (50%). foresee even tougher competition aheadFor Andrew Mson. SVP and Head of Asset Managers Soliricns EMEA at State Street the direction is dear Technolofly may endanger many existing players But it will also provide great opportunnes to those who embrace it correctly.*The future trajectory of wealthDemographic sirts and continued wealth creation, particularly in emerging markets, will worV symbiotica