Citisoft logo Citisoft logo
  • Capabilities
    • Capabilities

      From design to delivery, we're your partner at every step.

      • Services
        • Strategic Assessment
        • Operating Model Design
        • Vendor Evaluation
        • Systems Implementation
        • Outsourcing Transition
        • Program and Project Management
      • Practice Areas
        • Investments
        • Operations
        • Distribution
        • Data
      • Markets Served
        • Asset Managers
        • Asset Servicers
        • Asset Owners
        • Wealth Managers
        • Insurance
  • Insights
      • Blog
      • Resources
      Outlook 2025

      Discover why experience matters in driving successful transformations across investments, operations, distribution, and data.

      Learn more

  • About
      • Management Team
      • Vendor Relations
      • Events
      • Contact Us
      Unmatched Expertise

      From business transformation to on-the-ground delivery.

      Learn more

  • Careers
  • Submit an inquiry
  • Capabilities
    • Services
      • Strategic Assessment
      • Operating Model Design
      • Vendor Evaluation
      • Systems Implementation
      • Outsourcing Transition
      • Program and Project Management
    • Practice Areas
      • Investments
      • Operations
      • Distribution
      • Data
    • Markets Served
      • Asset Managers
      • Asset Servicers
      • Asset Owners
      • Wealth Managers
      • Insurance
  • Insights
    • Blog
    • Resources
  • About
    • Management Team
    • Vendor Relations
    • Events
    • Contact Us
  • Careers
  • Submit an inquiry

Citisoft Blog

    • Topics:
    • All
    • Investments
    • Operations
    • Data
    • Our Industry
    • Technology and Innovation
    • Vendors and Service Providers
    • Program and Project Management
    • Compliance and Regulation
    • Systems Implementation
    • Operating Model Design
    • Solutions Market Perspective Series
    • Outsourcing Transition
    • Strategic Assessment
    • Corporate Social Responsibility
    • Vendor Evaluation
    • Industry News
    • Asset Managers
    • Distribution
    • Asset Owners
    • Wealth Managers
    • Annual Outlook
background image
Article
•
October 15, 2015

Ten Things I Think I Think

Tom Secaur Tom Secaur

Given that we are now into the thick of the NFL season, I figured it was time to lift an idea from one of my favorite football columnists Peter King.  As they say, imitation is the sincerest form of flattery.  For those of you that don't live, eat and breathe all things American football, there is a widely read column that comes out each Monday called the Monday Morning Quarterback, or MMQB.  It is a must read for pro football fans, and usually consists of upwards of 5000 words covering everything from the previous weekends games to his beer of the week.  Towards the tail end of each Monday's MMQB missive, Mr. King pens a section called "Ten Things I Think I Think", which I have stolen as the template for this blog.  So without further ado, here is my version of Ten Things I Think I Think about the FinTech, Asset Management and Consulting space, with a few non-industry thoughts thrown in for good measure.

  1. I think that we are seeing massive projects (especially in the Middle Office) with spiraling costs time and again in our industry.  It is time for asset management firms and their partners (vendors and consulting firms) to treat their enterprise projects with increased transparency, and realize that major programs of work are expensive and lengthy endeavors.  They are not for the faint of heart, so it's time to embrace the journey.  Rome was not built in a day.
  2. I think the vendor consolidation in our space over the past 3+ years has left the industry with precious few choices with which to entrust functions vital to their business – OMS, Portfolio Accounting, EDM, Middle Office Outsourcing and Client Reporting, to name a few, have all been impacted.  I don't think this is a good thing.
  3. I think that judging by the short-lists of vendors that espouse an "IBOR solution" that the industry is still in dire need of a definition or some level of commonality.  We recently received a short-list compiled from an asset manager with supposed offerings from vendors traditionally associated with investment accounting, mutual fund processing, enterprise data management, order management and risk management.  Distilling the list to pull the contenders from the pretenders becomes a task unto itself.
  4. I think that we are seeing a number of firms that have eschewed "required" upgrades to their enterprise software applications paying the price in the form of invasive overhauls to their post-trade lifecycle systems and processes.  This is certainly a pay now or pay (more) later scenario taking hold.
  5. I think that it is high time that a prominent software vendor in our space takes the plunge and comes to the market with targeted solutions for ETF processing. ETF assets are now over $2 trillion, yet most firms are relying on service providers and vendor software that is not fit for purpose.
  6. I think that most asset managers are drowning in a sea of data.  90% of the world's data has been created in the past three years, and yet Data Governance and proper oversight still lags in our industry.  It is about creating a culture of data within our industry and it has to happen now.
  7. I think that any vendor in our space that isn't investing aggressively in a managed service or ASP offering is a dinosaur.  The days of installed software are indeed numbered.
  8. I think that I've highlighted vendors, software and costs in several of the items above, but I've yet to mention the PEOPLE!  As I've written in past blog installments, it really is all about the people in our industry, and the reason why I feel Citisoft is at the forefront of change.  We painstakingly recruit and develop talent that is a cut above our competition and enable us to advise our clients on the proper path and execute upon critical change initiatives.  We hire consultants that "have been there and done that", and will continue to do so!
  9. I think that Elon Musk > Steve Jobs.
  10. I think that I can't wait until 8:30pm EST on Sunday to watch the Patriots take their revenge.  Apologies, but there needed to be a football reference in here somewhere!
 

Tags:

  • Operations
  • Our Industry
  • Technology and Innovation
Tom Secaur
Tom Secaur

Tom was a co-founder of The Rowan Group, which merged with Citisoft in 2002. Tom has been instrumental in the rapid growth of Citisoft’s investment management consulting brand over the past decade and has responsibility for corporate functions including business development, operations, client relationship management, and practice development. During his tenure with Citisoft, Tom has managed operations and technology transformations ranging from strategic initiatives to evaluation/selection projects and implementation programs.

Read full bio
Tom Secaur headshot

Tom Secaur

Global Chief Operating Officer

Tom is responsible for corporate functions including business development, operations, client relationship management and practice development. During his tenure with Citisoft, Tom has managed operations and technology transformations ranging from strategic initiatives to evaluation/selection and implementation programs. Tom has amassed extremely deep knowledge of front, middle, and back office processing, with a particular focus on investment accounting, client reporting, data management, middle-office outsourcing, and performance measurement. He is a frequent contributor to industry thought leadership and speaks at conferences globally, leveraging his expertise on a wide range of investment management topics.

Comments

Related posts

Blog • May 13, 2025 Outsourced Trading: From “Next Big Thing” to Right Here, Right Now
Blog • Feb 25, 2025 It’s Time to Talk About Transformation
Citisoft logo
  • Resources
  • Blog
  • About
  • Careers
  • Contact Us

Subscribe to Insights

Subscribe to our monthly newsletter to have insights sent directly to your inbox.

Subscribe
©2025 Citisoft. All rights reserved.
  • Terms of Use
  • Privacy Policy
  • Notice at Collection
  • Linkedin
  • Twitter