Webinar: How will ESG and regulatory shifts transform the wealth industry?
Olivia Fahy, Head of Culture, TCC
TCC’s Head of Culture Olivia Fahy took part in a round-table discussion organised as part of the Wealth and Asset Management 4.0
global research programme, which examined the major trends unfolding within the wealth and asset management industry and put numerous emerging catalysts for future disruption under the microscope.
The panel of experts included Lou Celi (CEO, ThoughtLab), HansPeter Wolf (Founder, Appway) and Nina Kerkez (Consulting Director, LexisNexis).
This fascinating discussion shed light on a number of salient issues facing the wealth management sector. From the increasing expectation that Environmental, Social, and Governance (ESG) considerations will continue its emergence as a key aspect of business, to the rapidly rising cost of financial crime compliance – which rocketed a full 18% year-on-year in 2020, in addition to the potential for tech automation to revolutionise the regulatory burden placed on financial firms.
Drawing on her wealth of knowledge as a FCA’s former culture lead, Olivia outlined the role culture is likely to play in the industry’s shift towards greater socially and environmentally conscious way of operation – citing recent CIPD research that has already shown that younger generations of consumers place corporate responsibility high on their list of motives when electing who to do business with.