An outlook on financial services trends in North America 2022 from Georges Archibald, Managing Director, Americas at global financial services provider Apex Group.
Michael Gelband’s Exodus Point launched in 2018 with $8.5 billion in assets. Expectations were high that the former Millennium Management executive would be able to take the skills he had learned at Izzy Englander’s hedge fund and replicate its performance, after a decade of running its fixed income business. The fund looks to be proving Read More
Financial Services 2022 Outlook
"2022 will be characterized by three key trends: continued asset inflows to alternatives, further service provider consolidation and technology-enabled efficiency gains.
In a continuation of trends seen in 2021, managers are looking to consolidate service providers and their third-party vendors, seeking partners who can offer a tailored ‘single-source solution’ across geographies and asset classes.
In terms of capital allocations, we anticipate further growth appetite from more traditional investors to access the private markets and alternative asset classes. Furthermore, the institutionalization of digital currencies and assets will continue to accelerate, creating new complexities and administration requirements.
Service providers must be equipped to support rapid scale-ups driven by inflows as well as the increasingly complex, diversified and granular portfolios generating more sophisticated and demanding service requirements.
The pandemic forced the streamlined digitization of all processes – and managers know that their houses must be in order to be competitive in the coming year (and beyond). It’s become clear that the service providers that have the global reach and ability to scale quickly – with systems and data that are transparent and accessible – are the ones that these managers prefer and will turn to in the future."