GMM 2016 – Tackling Transformational Change Head-On!

NICSA’s annual General Membership Meeting—an event that connects the global investment management industry in order to develop and advance leading practices—took place earlier this week at the Revere Hotel in the heart of Boston. Close to 300 financial professionals were in attendance for two days of idea sharing and information gathering. Leading industry experts were assembled to present and dissect the tangible business implications of the DOL and SEC rulings, cybersecurity, and how technology is shaping asset management and the investor experience.


2016 General Membership Meeting (GMM) Attendees

Keynote Speaker Lou Harvey, President and CEO of Dalbar, kicked off the meeting by examining the forces shaping financial services today, including the implications of service-level distinctions and technology-driven investment advice. His presentation explored our new regulatory environment and challenged the audience to move from the sidelines to collectively develop a Hail Mary exemption solution that works.

At the CEO Roundtable, moderator John Stadtler (Partner, PwC) led Bob Reynolds (CEO, Putnam Investments) and Lisa Jones (CEO, Pioneer) through an engaging dialogue surrounding growth in the retirement space, the changing landscape for distribution, and how technology advancements are moving from the back office to the front office. Later in the morning, the Independent Directors Roundtable (George Gorman, Eaton Vance; Patricia Flynn, Bentley University; Carol Kosel, Nationwide Funds Group; moderated by Susan Wyderko, CEO of Mutual Fund Directors Forum) revealed personal perspectives on salient boardroom topics, including derivative risk and liquidity oversight.

John Stadtler, PwC; Bob Reynolds, Putnam; Lisa Jones, Pioneer

John Stadtler, PwC; Bob Reynolds, Putnam Investments; Lisa Jones, Pioneer

Our well-attended breakout sessions focused on the search for clarity on important industry hot topics. Issues surrounding such topics as the DOL and SEC rulings, cybersecurity, big data analytics, product wrapper trends and technology advancements were openly discussed with each panel supported by key industry executives with the technical expertise to lead those discussions. These sessions are at the center of NICSA’s mission to help facilitate dialogue among member firms and advance leading practices for the benefit of the industry we all serve.

Day 2 featured the highly anticipated Keynote Speaker Alison Levine, Team Captain of the first women’s Everest expedition, who shared some lessons learned from various extreme environments and how they can be applied to the financial industry. Alison reminded us that storms are always temporary and that one must take action based on the situation. Later, Michael Stout (Portfolio Manager, Morningstar) highlighted five key forces poised to shape global financial markets, while various Washington policy insiders (including Brian Werstler of DTCC; Matt Kulkin of Steptoe & Johnson; and Dean Sackett of the ICI) discussed the electoral outlook for November and implications for the financial services industry.

Katerina Tzouganatos, Deloitte & Touche; Katie Koch, Goldman Sachs; ASha Mehta, Acadian Asset Management; Marlene De Luca, JP Morgan

Katerina Tzouganatos, Deloitte & Touche; Katie Koch, Goldman Sachs Asset Management; Asha Mehta, Acadian Asset Management; Marlene De Luca, JP Morgan

The event closed with a Women in Asset Management Roundtable, where a panel of renowned executives (Katerina Tzouganatos, Deloitte & Touche; Katie Koch, Goldman Sachs Asset Management; Asha Mehta, Acadian Asset Management; and Marlene De Luca, JP Morgan Asset Management) shared opinions and experiences related to an increasingly diversified workforce within the finance industry.

We know the attendees left the conference better informed regarding many of the critical issues facing the industry today and better equipped to stay ahead of the curve on the operational and strategic impacts they will have on our industry. NICSA’s GMM and future events continue to serve as valuable resources for our members as they move from concept to strategy to execution on key industry topics.


Gain your industry advantage!

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