This week’s edition of Kurtosys Spotlight features a digital roadmap e-book, Cari Fleming Haxell from HSBC, our podcast with ETF expert Nerina Visser, charitable events, Revolut’s potential big hire and the economic implications of the moon landings.
Digital Leader Spotlight: Cari Fleming Haxell, Senior Marketing Manager – Digital Transformation at HSBC
A key figure in the development of digitally enhancing one of the UK’s biggest financial institutions is Cari Fleming Haxell, who is HSBC’s Senior Marketing Manager, specialising in Digital Transformation.
Cari began her career in marketing as Digital Marketing Manager for one of the world’s largest advertising, marketing and communications agencies J. Walter Thompson in New York, then being an Account Supervisor for Wunderman, a digital agency (recently acquired by JWT in fact). It was from here however that Cari then became involved with financial services, taking her digital expertise from these prior companies to Citi, where she became VP, Digital Marketing for 4 years.
After staying with Citi for almost 7 years, Cari has led HSBC’s digital marketing efforts, specifically skilled in managing globally integrated marketing campaigns and programs and analytics to build the bank’s growing interest in digital transformation and a better customer experience.
Cari is part of our Most Influential Digital Leaders in Asset Management gallery – check out the full gallery here!
Featured infographic: Highest Earning UK Hedge Fund Managers 2019
Despite the poor performance (and closures) of hedge funds the past few years – with 2018 being particularly unjust – Financial News has recently listed the top 10 hedge fund managers taken from the overall 2019 Rich List in The Sunday Times. It goes to show that UK firms, certainly the top 20, are still doing well, with the fund managers being worth a collected £18 billion.
Topping the pile is Michael Platt, co-founder of BlueCrest Capital Management and worth an estimated £3.7 billion, and you can see familiar faces Crispin Odey and Sir Michael Hintze also making up the rankings. Platt has reportedly dabbled in stocks since the age of 14 and boasts an extensive private art collection including taxidermy. Only two female fund managers make the list (and share the space with men too, attracting criticism), and the list remains relatively unchanged since 2018’s edition. Since then, Sir Chris Hohn from TCI has overtaken two other big players to retain a spot in the two four.
In true Kurtosys fashion, we’ve created an infographic to show the FN’s statistics, demonstrating the continued financial success for the hedge fund industry in Britain; check it out by clicking on the image above.
Featured Report: The Road to Digital Maturity for Investment Managers
We’ve recently published our latest eBook, The Road to Digital Maturity for Investment Managers, which you can download by filling in a form on this landing page.
With the need for all industries to fully embrace digital, investment managers have long been criticised for not doing enough to fully digitalise every aspect of their business. With this in mind, there needs to be a ‘digital roadmap’ in place in order for this ‘maturity’ to become fully realised.
How so? In this document, we’ve chosen to look at five key factors which, when working in tandem, will help firms to take the next step towards becoming a full digital outfit. These are:
- Being customer-centric
- Using the right technology
- Managing and leveraging data
- Investing in people and culture
- Protecting and mitigating against cyber-threats
All of the views given in the handbook are from our own experience, and feature charts and pertinent findings from our Asset Management Digital Marketing Survey 2018, perspectives from our Global Head of Digital and Global Head of Customer Success, as well as tips and tricks from some of the most influential digitally-minded speakers such as Steve Jobs and MarTech aficionado Scott Brinker.
There’s plenty of great insight here; hopefully it will be of use for your firm to extend the reach to the next stage in digitalisation where data, people and security are all handled simultaneously.
Podcast: Connecting the Dots – Nerina Visser
In this edition of our Connecting the Dots podcast we speak to Nerina Visser, Director & co-owner at etfSA Portfolio Management Company.
In this podcast, Nerina discusses the ETF landscape and why they are a good investment choice for South Africans. She also comments on the fee pressure the wealth management industry is facing and explains how etfSA is dealing with this challenge.
Elsewhere, we discuss digital transformation in the South African asset management and investment industry and whether robo-advisors are viable in the local market. Nerina also shares how etfSA uses technology to overcome challenges and tells us what we can expect to see from the company in the next couple of years.
You can follow Nerina Visser on Twitter, @Nerina_Visser.
Video in Focus: The Next Generation
As most people squabble and argue about what the future of finance looks like (cryptocurrencies as a fad or a genuine attempt to further digital monetary capabilities), here’s some news that will serve as a refreshing reminder of how bright the future can be.
Metaphorically speaking yes, and literally as well, with this young ten year old becoming one of the youngest entrepreneurs in the world, putting her knowledge of blockchain to incredible use. As outlined in this fintech news article, young Kaede Takenaka first become enamoured with the idea of cryptocurrencies overhearing her mum talking about them with her friends in a restaurant. From there, she expressed her desire to come up with her own coin and educate young people about digital assets.
Now the CEO and co-founder of KIDLetCoin, you’ll be blown away by the excellent mind of Kaede and her confidence in talking through what many assume to be an extremely complicated commodity. Sometimes it really does take a child to link DLT to Lego building blocks to show how blockchain technology can become more of an accessible idea with more valuable teaching on the subject of digital tokens.
Featured Event: The Great British Pub Quiz
The asset management industry has been raising money for charity extremely well through CASCAID, looking to raise £1 million for Great Ormond Street Hospital. You can read more about CASCAID over on their website.
Coming up in a couple of weeks is an excellent fundraiser hosted by Investment Week, and is exactly what you think it is: a large-scale pub quiz! Better brush up on your knowledge of Deputy Prime Ministers from the 1970s, least populous capital cities, meme culture and the intros of every 80s club floor-filler.
Get a team together to make one collective super-brain and join in the fun at The Brewery, whose address is 52 Chiswell St, London, EC1Y 4SD. It’s bound to be a great event, but make sure you sign up quickly over at this link. It’s a 6pm start on Thursday 1 August with a smart/casual dress code.
This event is completely non-for-profit, with all proceeds going to CASCAID’s charity initiative. Get involved!
Fintech News: Two worlds collide
Mo’ Money, Mo’ Problems in the words of Biggie Smalls, and digital bank Revolut is growing bigger and bigger. Despite a large amount of criticism that headed the company’s way earlier this year in regards to a “toxic culture”, Revolut (led by CEO Nikolay Storonsky) is still on the up-and-up, spreading its wings in Europe due to a pan-Eurozone full banking license and now has around six million customers – an impressive feat after only four years in the fintech game.
And without previously having a chair, this fintech company has now boosted its financial expertise with the (tentative) appointment of Martin Gilbert. The news has not been completely confirmed, but with another funding round imminent, the appointment may be to seek the furthered interest of investors; at least, that’s what the Financial Times believes.
Martin Gilbert was of course the co-chief executive of Aberdeen Asset Management, leaving not long after its merger with Standard Life Investments in 2017. He has also held several other roles, including being on the board of Sky (also leaving last October), and it is likely that former Goldman Sachs executive Michael Sherwood will also be hired as non-execuitve director.
This news seems to highlight a trend in tech firms appointing the expertise of investment professionals to continue their disruptive growth in the financial space. Revolut, in fact, looks to expand to the US in the next five years, adding further need for experienced business heads.
Social Spotlight: Apollo 11 Anniversary
A Tweet which certainly grabbed our attention for its short-and-sweet questioning, courtesy of the Bond Vigilantes team (who feature in our favourite asset management blogs).
— Bond Vigilantes (@bondvigilantes) July 18, 2019
This week has seen the 50th anniversary of the Apollo 11 moon landings – the peak event from the Space Race of the 1960s. With this in mind, Asset TV has looked into the worldwide economic impact that such an occurrence had: whether the funding for the mission was worthwhile during the ‘acceptable’ bond deficits of the 1960s, Reaganomics, and what the difference in impact would be today. M&G Investment’s Jim Leaviss has a great analysis, so it’s well worth a watch.
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