New industry report highlights crucial learnings for the Buy side, following Covid-19 pandemic

Aug 10, 2020

Press Release

New industry report highlights crucial learnings for the Buy Side, following Covid-19 pandemic

SimCorp, a leading provider of integrated, front-to-back, multi-asset investment management solutions and services to the world’s largest buy-side institutions, and institutional finance industry consultant, Clear Path Analysis, today announce a new global market report, exploring the role of technology, processes and people, in building a resilient, post-Covid operating infrastructure. Gleaning insights across three roundtables held in North America, Europe and Asia Pacific, the report delivers perspectives from senior executives across asset management, pensions, insurance and banking. Emerging from the discussions are several themes for achieving operational resilience, ahead of the next global market event:

• The need to stress-test the resilience of a firm’s operating model beyond traditional scenarios; from remote working capabilities, digitalization and cloud infrastructure, to asset diversification
• Reviewing risk management models, to include new and emerging investment factors, such as rate of infections
• Accessibility to high quality, timely and granular, multi-asset data to navigate markets
• Delivery of transparent, frequent and flexible client and regulatory communications, outside of traditional reporting cycles
• The growing prominence of ESG investments

             
Stress testing operational resilience

Dean Chisholm, Regional Head of Operations, Asia Pacific at Invesco Asset Management (Asia Pacific): “This pandemic has shown everyone the need for a strong work from home technology environment, which probably had varied across the industry prior to it happening. This does have the implication of whether we need physical BCP centres anymore, which has always been the traditional response. But now people are wondering just how useful they really are…”. “One thing that this pandemic did reinforce is the focus on clients and what they want, or you don’t have a product. We realized that some things we had been doing weren’t