Articles and white papers relating to back office and custody issues. This section covers research for investment operations professionals, clearing & settlement staff, fund accounting managers and global custody executives. Particularly popular papers in this section include those which tackle the operational challenges facing investment managers as they manage complexity and change in investment operations. Surveys of fund operations and investment banking operations have also been well received.... A number of papers examine middle office operations: should the middle office be outsourced, or can you transform the asset management middle office to a bottom-line contributor? Other back office research in this section includes white papers on global custody, custodian ratings, clearing and settlement, settlement systems, securities lending and collateral management. A number of articles examine back office issues relating to alternative investments, specifically hedge fund administration, prime brokers and alternative investment fund operations and domiciles. Other reports cover the effect of investment regulation on the back office, for example, IFRS9 (impairment of financial assets and AIFMD).
In this report, The Investment Association and KPMG discuss the threat of cyber attacks and the level of preparedness for such an occurance within the asset management industry.
This paper by EFAMA (the European Fund and Asset Management Association) is the third update to the report that was first published in 2005 to present recommendations to increase efficiency in the processing of fund orders and achieve cost savings. This
latest version, which includes new sections on new technologies,…
This paper was authored in response to increasing concerns raised by their members that the UK may withdraw from the EU without concluding a withdrawal agreement under Article 50 of the Treaty on European Union and without any transition (or implementation) period to allow market participants time to adjust. It sets out…
The authors of this report provide the findings of a recent survey into European hedge fund managers and what they value about their prime brokerage (PB) relationships. The survey participants share insights into the strengths and weaknesses of their current providers, and much more.
Over the past decade, the financial industry has made substantial progress in strengthening global market stability and enhancing resilience. Despite significant efforts to improve post-crisis resilience, this paper identifies additional opportunities to further strengthen financial stability through enhanced system-wide…
IFRS 15 Revenue from Contracts with Customers, which became effective on 1 January 2018, may change the way investment management companies account for their services. In the past, when major IFRS change has led to large-scale implementation projects, management at companies – usually group financial controllers – have asked…
Fund administrators have made significant investments and built real-estate-specific capabilities and services, which should compel investment managers to seriously consider outsourcing their fund administration activities if they are already not doing so.
Central clearing of standardized derivatives and margin requirements for non-cleared derivatives are two of the basic tenets of global financial regulatory reform. They are also inter-related: the purpose of margin requirements is to both reduce systemic risk and promote or incentivize central clearing. Recent studies and…
Smart contracts could help revolutionize the derivatives market by creating much-needed efficiencies that would benefit the entire industry. But transforming smart contracts from an exciting concept to practical use will present a number of challenges.
From a legal perspective, a number of issues need to be considered…
When the collapse of Lehman Brothers—at the time the world’s fourth-largest investment bank—sparked a global financial crisis in 2008, regulators and capital markets players needed to quickly assess the extent of market participants’ exposure to the bank and each of its hundreds of subsidiaries. Like many other capital…
The Economist Intelligence Unit, on behalf of Deutsche Bank, surveyed 300 senior corporate treasury executives between April and June 2018 to explore treasurers’ expectations regarding technological developments, their views on any disruption taking place to their companies' business models and network, and what they…
In 2015 the Chairs of the FSB Standing Committee on Supervisory and Regulatory Cooperation (FSB SRC), the FSB Resolution Steering Group (FSB ReSG), the Committee on Payments and Market Infrastructure (CPMI), the International Organisation of Securities Commissions (IOSCO), and the Basel Committee on Banking Supervision (BCBS…
You can still earn a lot of money working in banking! By averaging the latest total compensation figures for investment banking division jobs (ie. jobs in M&A and capital markets) from Dartmouth Partners and Arkesden and combining them with figures for sales and trading and more senior roles from pay benchmarking firm…
Whether buying structured credit, investing in loan funds or setting up direct lending funds, today, private credit constitutes an important stream within the ocean of global finance. However, this key segment of the investment management industry, also presents a range of challenges. Private credit remains a relatively…
A majority of alternative fund administration firms – 74% – expect consolidation in the alts fund admin space. This is up dramatically from the 47% of survey respondents who expected consolidation in 2017’s survey. And despite technology and new players disrupting numerous industries around the world, only 11% of survey…
This brief salary survey by Robert McKinley focuses on the UK, specifically the accounting & finance, banking, back office, project management, HR and IT sectors.
This 38-page salary guide from Robert Half shows benchmark levels of compensation for roles within banking and financial services, accounting and finance.
This bumper 112-page survey reveals salaries in the major Asian centres of China, Hong Kong, Japan, Singapore and Malaysia. Turn to pages 37-46 for front & middle office salaries in asset management, private equity, and hedge funds.
The Aquis Search Hong Kong Investment Management Salary Survey 2018 details salary information and recruiting trends for portfolio managers, investment researchers and investment sales professionals, as well as an overview of the investment management industry in Hong Kong.
