Clearstream hosts successful 14th Fund Summit

Clearstream sends fund industry “Back to Business”

03.10.2017

The asset management industry is entering a new age after having been challenged by recent regulatory requirements following the seismic events of the financial crisis and current geopolitical turbulences, such as Brexit.

Despite these challenges, the industry maintains an optimistic outlook for the future. Reason enough for Clearstream to call some 150 asset management and financial services professionals “Back to Business” at the 14th Fund Summit at the Abbaye de Neumunster in Luxembourg.

Olivier Renault, Luxembourg Country Head of Société Générale Securities Services and Toby Glaysher Global Head of Fund Services at Northern Trust, respectively chairman and keynote speaker, shared their promising outlook for the fund industry despite regulatory challenges, such as Mifid 2 and despite the recent geopolitical turmoil, such as we have seen following the Brexit vote.

A panel specifically tackled buzzwords like big data, machine learning, artificial intelligence and their meaning. Add to that the well-known challenges of regulation and central bank-driven measures to boost the markets; “game-changing, even existential, issues facing the industry,” said Deutsche Börse Executive Board Member and Clearstream Chairman Jeffrey Tessler in his welcome remarks.

Many topics affecting asset managers and their providers were raised and discussed. Traditional distribution channels by which investors buy funds, such as banks and financial advisers, are being challenged by new channels, such as online platforms and robo-advisers. Without predicting the future, there was general agreement that a deep transformation, rather than a disruption, lays in front of us.

ETFs, which are putting pressure on conventional managers, created another consensus as to their ongoing growth potential. In this context, the latest trends in fund distribution were shared by PWC’s Market Research Partner, Dariush Yazdani.