WEBINAR: Making a Success of Outsourcing in the Current Climate

Despite the advantages promised by outsourcing providers to wealth management firms, very few currently go down this route. Compeer research reveals that wealth managers currently spend less than 3% of total revenue on outsourcing.

However, is this set to change as a result of significant changes to working cultures in a post-lockdown environment? For example, will those firms burdened by legacy systems and their lack of flexibility, take this opportunity to embrace outsourcing agreements going forward?

Compeer will use its extensive database of business performance measures to outline the difference in performance between those that outsource and those that maintain all departments in-house. We will also be joined by experts in the outsourcing area as well as a panel of wealth management professionals to share their first-hand views. 

We hope therefore you can join us on the webinar on Thursday 15th October.

Please use the form below to register your interest in attending this webinar. A member of the Compeer team will then be in touch shortly.

There is no charge for this webinar for representatives of wealth management firms and private banks. A charge of £100 + VAT applies for service providers.

CPD certificates will be issued shortly after the webinar.

Event Information

16:00 – 16:05           James Brown, Compeer – “Welcome & Introduction”

16:05 – 16:15           Jason Nabi, DXC Luxoft – “Outsourcing: Business Agility and Operational Leverage”

16:15 – 16:25           Anita Juneja, SEI & Alex Twiss, Connor Broadley – “Implementing Remotely – SEI interviews Connor Broadley on their experiences of going live on the SEI Wealth Platform this summer”

16:25 – 16:35           James Brown, Compeer – “Outsourcing vs In-house – comparing business performance”

16:35 – 17:00           Panel Discussion

David Joyce (CREALOGIX), Archana Mohan (Veritas Investment Management), Mark Harrison(Consultant)

James Brown, Head of Client Services – Compeer

James joined Compeer in October 2006 as an analyst following his graduation from The University of Warwick, where he studied Mathematics, Operational Research, Statistics and Economics.  Today he manages Compeer’s team of analysts. He has widely presented key trends in the UK Wealth Management Industry, with in-depth experience of providing statistical analysis of firms’ business performance. He regularly provides recommendations during presentations to Executive boards, and is actively involved in bespoke research projects.

Jason Nabi, Head of Wealth & Asset Management Solutions – DXC Luxoft

Jason Nabi is Head of Wealth & Asset Management Solutions at DXC Luxoft where he is responsible for the solutions offering across wealth management for one of the largest IT services providers in Banking & Capital Markets. An extensive career developing outsourcing propositions for some of the largest providers in the industry including BNP PARIBAS, HSBC and Societe Generale. An adviser to WealthTech firms and has championed the growth of innovative outsourcing models in the industry.

Anita Juneja, Head of Relationship Management and Client Service – SEI

Anita is Head of Relationship Management and Client Service for the SEI Wealth Platform in the UK. She works to balance client requirements with the capabilities of the SEI Wealth Platform and acts as one of the client’s main advocates inside the senior leadership team, ensuring strategic objectives are reached.

Anita joined SEI from Close Brothers Asset Management in London, where she was head of strategic relationships. She has also worked at Cofunds and Lazard Asset Management.

Alex Twiss, Investment Manager – Connor Broadley

Alex is an investment manager at Connor Broadley, a Mayfair based wealth manager.

Alex is a member of the Investment Strategy Committee, responsible for assessing the global outlook for markets and asset allocation, in 2019 he was also tasked with the project management of selection and implementation of the SEI Wealth Platform at Connor Broadley.

Alex was voted top 30 under 30 investment managers by Citywire in 2016 and holds a degree in Philosophy, Politics and Economics degree from Warwick University along with being a CFA Charterholder.

David Joyce, CEO – CREALOGIX

David’s career spans more than 30 years in financial services and international payments. An experienced business leader in both large corporations and new fintechs, he has held senior leadership positions with Visa Europe, sitting on the Corporate Management Group, Risk Advisory Board and was Chair of the European Processing Advisory Board. Subsequently he worked with fintech companies including Ixaris Technologies where he was GM/ COO, Monitise (now Finkit), MPayMe, and as COO at Paythru.

As CEO of CREALOGIX in the UK, David drives our vision of product innovation, and champions the closely collaborative delivery approach which has been valued by clients in wealth management and private banking here in the UK for over two decades.

More than 550 banks and investment management firms worldwide are able to boost their business growth and scalability by leveraging CREALOGIX software to modernise their client experience.

Archana Mohan, Director of Operations and Technology – Veritas Investment Management

Archana joined the team in 2014 and focuses on ensuring that our investment operations and technology are working in support of our clients. She is passionate about optimising and delivering the information and data that our clients and their advisors want. With an interest in storytelling and human behaviour, Archana is also involved in our investment communication to clients.

Archana joined the team from Standard Life Wealth (formerly Newton Investment Management’s private client business) where she was a senior business development manager focused on international private clients. Her previous financial services experience spans investment communications, product management and client servicing across a range of firms including Pioneer Alternative Investments, AXA Investment Managers and Citigroup. Archana began her professional career as a special needs coordinator in the New York City school system.

She is an Associate of the Chartered Institute for Securities & Investment and holds an MBA in Finance from Yale University, an MA in Education from Columbia University and a BA (Hons) in French from Brown University. Archana speaks French fluently and when she isn’t working, you’ll find her bringing people together over a good meal.

Mark Harrison – Consultant

Mark Harrison is a highly experienced consultant and executive with extensive experience of outsourcing both from the perspective of the client and of the supplier, specialising in asset and wealth management. He spent many years with BNP Paribas Securities Services with responsibility for managing and providing services to global asset managers. He has also worked in the UK Cabinet Office in the unit that oversees HMG outsourcing of operational services. In recent years he has focussed on wealth management and the opportunities and challenges in this sector.

Research Partner

Sponsors

Other upcoming events

Wealth Management Yearly Review 2024

Wednesday 26th June 2024
14.30 - 18.00

Sharing results from our in-depth annual benchmarking survey, Compeer will outline the key business performance trends for the UK wealth management industry.

ESG 2024: Is client demand being served effectively?

Wednesday 25th September 2024
15.00 - 18.00

Demand for ESG services continues to rise among high net worth investors. Wealth management firms are adapting their services, but is this enough? Compeer will review the comparisons between what is being offered and what clients wish to receive in the ESG space.

How To Achieve Profitable Growth

Tuesday 1st October 2024
15.00 - 18.30

Compeer, who have benchmarked the UK wealth management industry for over 30 years, have highlighted that just under 40% of wealth management firms currently make a loss or return less than 10% net margin. The average net margin for the wealth management industry, as a whole for 2022, is 23%, which appears healthy.

This event will examine why so many firms are poorly performing and the practical measures they can take to improve their performance.