Monthly Archives: October 2020

Broadridge is meeting the moment for clients in Asia

Alastair Kelly

Alastair Kelly

As we settle into new working norms, it is becoming increasingly apparent that the financial services industry will forever look different than it did at the beginning of 2020. The future of work for financial institutions looks more virtual than ever, with subject matter experts and employees embracing new platforms, to better team and deliver solutions to solve complex problems. Hedge fund managers in Asia have been navigating significant spikes in transactions and work-from-home orders for several months longer than their counterparts in the Americas and EMEA, resulting in the acceleration of digital transformation initiatives. In a recent survey, we found that APAC is the region with the highest share of firms in the advanced stage of digital transformation implementation, ahead of peers in EMEA and North America. 53% of APAC firms surveyed are in the advanced stage of implementation, and these are most likely the ones to be accelerating transformation during the pandemic, potentially widening the gap on their competitors. For hedge funds, the pressure to mutualise processing functions to gain further efficiencies continues to be a strong trend. It’s been a busy period for Broadridge, with our clients leveraging the versatile, reliable and scalable technology that we provide to a greater extent than ever. Our solutions have proven indispensable in this volatile environment, with new fund managers coming to us as they look to upgrade from lower cost, inflexible providers that are inhibiting their change and growth potential. Of paramount importance is our ability to continue to support our clients through challenging times, and we have taken steps to minimise the risks to our people and clients by applying social-distancing measures and ensuring our employees are equipped to operate effectively from home.

 

The feedback from clients has been overwhelmingly positive on the maintenance of service and delivery standards. At Broadridge, like many other organisations, we have been asking ourselves what the future of work should look like now that we know we don’t need to be physically together to perform key functions – particularly, our ability to support clients. We recently announced that the majority of our 12,000+ employees globally may work at home until June 2021, and we’re using this opportunity to redesign our office spaces around the globe to be more collaborative – including in Hong Kong and Sydney where we’re working on new bespoke workspaces to open next year. The increasing trend of technology adoption in Asia has undoubtedly been accelerated due to COVID-19, impacting how and where we do business. As we look to the ‘new normal’ FinTech firms like Broadridge are increasingly becoming essential partners for financial services organisations as they look to the future. We are ready to help our clients be successful during these uncertain times and beyond.

 

Alastair Kelly is Head of International Operations for Broadridge Asset Management Solutions (BAMS). Based in Hong Kong, Alastair manages the BAMS Client Service and Operations teams in Europe and Asia Pacific.

The Hedge Funds Club Good Life Interviews – Part 48: Allen Wu

Allen Wu

Allen Wu

In part 48 of the Hedge Funds Club’s popular people-focused Good Life series of interviews, HFC boss Stefan Nilsson checks in with Allen Wu, Head of Operations at Krypton Fund Services in Singapore for a chat about Coldplay, being too risk-averse, a favourite rustic Italian restaurant and using TikTok for laughs.

 

From where and how do you get your daily general news updates?

Usually during my daily commute to the office to catch up on news using the apps on my phone, such as BBC, CNN, CNA and Straits Times. The push notifications help a lot to keep me updated on breaking news.

 

What do you do to unwind on a weekend?

My niece and nephew would visit over the weekends so my time is usually spent playing, or annoying, them. Else, I would usually watch some series or movie available on Netflix or Amazon Prime.

 

Can you name a great book you have recently read?

“Billion Dollar Whale” by Tom Wright.

 

Your soundtrack of choice?

I listen to a lot of Coldplay from time to time but on a daily basis, I am usually on Spotify’s “Mood Booster” playlist.

 

What drink do you start the day with and what drink finishes it?

Always a “Kopi C Siew Dai” which means coffee with evaporated milk with less sugar. I try to keep to one serving of sweetened drinks, so would usually end the day with a glass of water.

 

What’s the worst money mistake you’ve made?

Not investing at an earlier age and being too risk-averse.

 

Have you ever had a great mentor and what did you learn?

I have always told my friends that I have been extremely lucky to meet great mentors over the last seven years. But if I have to list one piece of advice, it has to be not being myopic. It’s still something I remind myself of and share with my friends that is applicable in all aspects of life.

 

What gives you energy?

I enjoy problem-solving and analysing models. Even after a long day, my brain clicks into a transcended gear when I problem-solve or analyse models or problems.

 

How do you stay grounded and focused as a person in these turbulent and fast-changing times?

I think it’s extremely important to remind myself that I have to continue pushing for improvement and development. I never thought of myself as a smart person, so in order for me to try and differentiate myself from others, I have to thrive to improve to stay relevant.

 

Can you name a terrific restaurant that you love?

iO Italian Osteria at Hillv2. It’s a rustic Italian restaurant chucked at a corner of the west of Singapore, a hidden gem!

 

What’s your favourite museum in the world?

I am not a big fan of museums, looking at art pieces or historical artefacts. I prefer to read or watch a documentary about it.

 

Are you active on social media and what do you actually use it for?

I am active on most social media platforms. Facebook, Instagram, LinkedIn. LinkedIn mainly to keep in touch with people and update myself on what’s going on with people in the space. Facebook and Instagram to catch up with my friends. I also go onto TikTok at times to get a good laugh watching the latest trends, which can be silly at times!

 

Do you have any secret guilty pleasure that you are prepared to reveal here?

I enjoy cooking a lot and I tend to experiment with the recipes, by adding stuff that usually does not go into a particular cuisine in. Some worked out well, some usually end up in the bin.

 

What kind of battle dress do you normally put on for work?

I tend to dress for the day. I believe that being comfortable is key to productivity so it’s usually a comfortable tee with pants and shoes. When I have meetings then I would aim to look sharp by going formal.

 

Do you celebrate your wins? If so, how?

Yes of course! Nothing beats celebrating over a good dinner and whiskey.

 

What makes you happy?

Being around the closest people in my life. It doesn’t have to be an occasion, just spending time together makes my heart full.

News: Shinichiro Nagai joins Visual Alpha

Shinichiro Nagai

Shinichiro Nagai

 

 

Shinichiro Nagai has become Executive Advisor to Visual Alpha, an online investment reporting platform, in Tokyo. Shinichiro, a former Vice Chairman of AIMA Japan, was most recently an Advisor at Russell. His long career has included stints at Shinsei Bank, FRM, GCI Asset Management, Mizuho Securities, Fuji Securities, Fuji Bank and Ministry for Foreign Affairs.

News: Laurent Renaud new Deputy COO at Amundi Japan

Laurent Renaud

Laurent Renaud

 

 

Laurent Renaud, most recently CEO of Lyxor Asset Management in Japan, has taken up a new role as Deputy COO of Amundi in Tokyo.

News: John Inamine joins Polymer Capital

John Inamine

John Inamine

 

 

John Inamine, most recently Chief Risk Officer at Rogers Investment Advisors, has been appointed Senior Risk Manager at Polymer Capital in Tokyo. Previously, John has worked at Nezu Asia Capital Management, Sparx Asset Management, O’Connor as well as at Deutsche Bank and NatWest.

News: Nomura’s Imamura returns to Tokyo

Nobu Imamura has relocated back to Tokyo for a new role with Nomura Funds Research and Technologies as Head of Funds Research and Head of Global Equities. Nobu has been with the firm since 2003 and has held various posts in Tokyo and London.

News: Matate Kuwahara leaves Aksia

Matate Kuwahara has left Aksia to take up a new position with Money Design, the Tokyo-based company behind the robo advisory service THEO. Matate started his career with Nikko Cordial Securities and also spent many years with Morgan Stanley.

News: Daniel Liptak becomes COO of Arbitrium

Daniel Liptak

Daniel Liptak

 

 

Daniel Liptak in Melbourne, Australia, has become COO of Arbitrium Capital Partners, an Australian investment firm specialising in investing in special situations, opportunistic and distressed debt. Daniel has a long history in the finance industry. He has worked in prime brokerage at Goldman Sachs and UBS and his career has also included stints at Rubicon, Hatfield Liptak Advisors, Zenith Investment Partners, ZG Advisors, Henslow, Australia Ratings, Deloitte and Arkaba Advisors. He is also known for his involvement with the Hedge Funds Rock + Australian Alternative Investment Awards.

The Hedge Funds Club Good Life Interviews – Part 47: Cameron Harvey

Cameron Harvey

Cameron Harvey


 

Cameron Harvey, Managing Director of Raffles Family Office in Hong Kong, chats with HFC boss Stefan Nilsson about the thrill of success, Yuval Noah Harari, Netflix and pizza, pintxo bars, Tokyo museums, appreciating the little things and much more.

 

From where and how do you get your daily general news updates?

I follow or subscribe to all of the major global publications from Financial Times, Bloomberg and Wall Street Journal to more localised publications such as the Australian Financial Review, Sydney Morning Herald, The Standard, SCMP et al. For financial analysis and fundamentals, we get a huge amount of daily economic research and financial news coverage from our banking partners at Raffles Family Office.

 

What do you do to unwind on a weekend?

Spend time with my wife, some exercise such as hiking, golfing, swimming and lunch or dinner with friends. Also religiously watch rugby if there’s a game on.

 

Can you name a great book you have recently read?

“Sapiens” by Yuval Noah Harari. Could be the best book I’ve ever read. It really broadened my perspectives and views of the world and humankind.

 

Your soundtrack of choice?

I have a very diverse taste in music which varies depending upon mood and situation. From rock to hip hop/rap to indie to metal and more.

 

What drink do you start the day with and what drink finishes it?

A glass of water in the morning to rehydrate. If it’s a Friday maybe an Australian Shiraz with dinner or a nice single malt, to finish the day.

 

What’s the worst money mistake you’ve made?

Not beginning to invest when I was very young. The power of compounding returns is a critical concept to grasp early in life.

 

Have you ever had a great mentor and what did you learn?

I’ve been lucky enough to have several mentors throughout my life, all of whom I still maintain regular contact with. They have taught me so much across so many aspects of life. One of the most important lessons being – you can’t always predict when opportunities will arise but you can always prepare and be ready to pounce when they do – something I practise in the financial markets on a daily basis but which is also applicable in so many areas of my career and life.
 

What gives you energy?

The thrill of success and achievement in my work.

 

How do you stay grounded and focused as a person in these turbulent and fast-changing times?

It’s important to keep your goals clear in your mind, keep your family and friends close and appreciate the little things.

 

Can you name a terrific restaurant that you love?

Any of the pintxo bars in San Sebastian in the north of Spain.

 

What’s your favourite museum in the world?

Both the Mori Modern Art Museum and the teamLab installations in Tokyo are pretty amazing.

 

Are you active on social media and what do you actually use it for?

I regularly use social media for news, keeping in contact with friends around the world and maintaining my networks, though I rarely post these days.

 

Do you have any secret guilty pleasure that you are prepared to reveal here?

Don’t mind the odd Netflix marathon and a pizza when I have some downtime.

 

What kind of battle dress do you normally put on for work?

Classic suit and tie.

 

Do you celebrate your wins? If so, how?

Always, usually a nice dinner with my wife. Then onto the next challenge!

 

What makes you happy?

Spending time with family and friends and through my work getting the opportunity to interact with a global network of intelligent and interesting peers.