"And ... action!" Citisoft's 2014 Outlook including the future of data management technology and how the Best of Breed conversation will be forever changed in 2014.
Corporate Intelligence Blog
Citisoft is proud of our dedication to the investment management community. We remain ‘Buy-Side, By Choice.’ As a service to our clients and the investment management community, we’re selecting pertinent buy-side technology and operations content from the web and providing our take on trends and influences in our industry.
Dodd-Frank's impact to the business of investment management is now reality.
Three years after the passage of the Dodd-Frank Act, the industry is feeling the effects of the Act in full force but operating in a transitional state. The majority of the rules that make up the Act have been enacted. New regulatory entities and structures have been designed. The implementation of rules and compliance guidelines are in full swing. But the industry is working with few ‘best practices’ to guide their transition.
This opinion article, authored by Citisoft European CEO Steve Young, was originally published at referencedatareview.com:
“The shepherd drives the wolf from the sheep, for which the sheep thanks the shepherd as his liberator, while the wolf denounces him for the same act as the destroyer of liberty. Plainly, the sheep and the wolf are not agreed upon a definition of liberty.”
- Abraham Lincoln
There has been plenty of industry conversation on establishing the Investment Book of Record (IBOR) recently and much of the marketing push is yielding more questions than answers. In the interest of clarity, let’s start with what’s clear: The high-level business requirement. The buy-side needs more timely and integrated data and reporting capability in support of the front office. These needs are driven specifically by the investment analysis, portfolio management, trading, post-trade processing and risk management functions, among others.
With all of the attention that the data topic has received recently, the development of enabled and effective data leadership roles for buy-side firms has been a slow process. Whether it's a Chief Data Officer (CDO) title or something less grandiose (think Chief Data Steward, Head of Information Delivery), the key for me is whether the role has any real power, influence, budgetary control and 'rope' to drive real change. Is this role a figurehead with no real authority or does the CDO (or like titles) have real juice to sit alongside their CXO counterparts and drive change?
Written by Steve Young for FTSE Global Markets' Technology Blog
Many people have predicted the outsourcing of middle and back offices in the UK wealth sector for a long time. Nevertheless, the findings of the recent Equiniti research into UK wealth managers http://bit.ly/15zRxaP included some surprising results.