Davies Asset Management Newsletter
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Asset Management News, Tips, & Trends
December 2023
Welcome to the first newsletter, post our rebranding to ‘Davies’. The Asset and Wealth management industry continues to evolve at a fast pace. Innovation, regulatory pressure and fee compression present opportunities for growth and threats to the industry. As the Consulting Division of Davies, our
Global AWM practice is now uniquely positioned to provide expert led guidance on de-risking complex business and technology change, accelerating delivery and optimising outcomes.
We are excited to offer new capabilities and solutions, an example being Assurance, where we can provide boards, audits, risks, and other governance and control functions with confidence in their systems and controls, both in BAU and as part of large change programmes.
In this edition, we are delighted to introduce a new Partner, Richard Dodds. Richard brings extensive global experience across the end-to-end value chain of the investment industry. We also feature articles covering areas many firms have on their strategic change agenda for 2024 and beyond - digitisation, front office platform transformation and regulatory changes such as Consumer Duty and Operational Resilience.
Wishing you and your loved ones all the best for the holiday season and the new year ahead.
News
Sionic is now Davies - Consulting Division
We are delighted to share the news that we are now Davies. Our Consulting division currently consists of eight expert-led specialist practices: Asset & Wealth Management, Banking & Markets, Customer Experience, Financial Crime & Compliance, Insurance Services, Managed Services and People & Operational Performance, all serving clients across the US, Europe, Africa, Asia, and the Arab world.
New Partner Richard Dodds
Davies announced the appointment of Richard Dodds as a partner in the firm’s Asset and Wealth Management practice in November.
Richard is an FCA certified senior leader with over 25 years of operational and change management experience within the industry. He joins Davies from State Street, where he was Senior Vice President for the last 5 years, responsible for significant new deal revenues. He has been instrumental in shaping the firm’s asset and wealth management outsourced solutions.
Latest Articles
Clearwater & Davies Report Findings on European Insurers
In collaboration with Clearwater Analytics, we engaged with C-Level executives and Heads of departments from European Insurance firms to assess their progress on the digital transformation journey and identify the key operational obstacles holding them back. The outcome of this endeavour revealed crucial insights on data strategies and peer reviews
Tokenisation
Ricky Maloney, our expert in Tokenisation, writes on how Tokenisation benefits Investment Managers. Our recent Signals industry survey shows that 42% of asset management participants are working on Tokenisation discovery projects, indicating that these are extremely exciting times in the move to a tokenised environment with increased investment in digital assets.
How to avoid Portfolio Management System implementation pitfalls
Implementing portfolio management systems promises significant benefits for the investment life cycle, but many implementations fail to deliver. Old systems continue to be used while project timelines get extended, adding to implementation costs. Read more to learn how to avoid these pitfalls and take the necessary steps and actions in Raphael De Santos’s article.
Consumer Duty – Don’t tell me it’s over….
After the Consumer Duty came into force for UK financial services firms on 31 July 2023. Our Asset and Wealth Management expert, Patricia Celata, explored Consumer Duty implementation areas that need addressing.
DORA: Exploring the next phase of Operational Resilience
Our experts Tracie Harbinson (Asset & Wealth Management) and George Holman (Banking & Markets EMEA) collaborate to share their thoughts on Operational Resilience in the digital age in this article.
