Opportunities and Threats for Asset Management - A discussion around FinTech, Skills and ApprenticeshipsBy AlgoMe
INVITATION: OPPORTUNITIES AND THREATS FOR ASSET MANAGEMENT – A DISCUSSION AROUND FINTECH, SKILLS AND APPRENTICESHIPS
FSTP LLP in partnership with AlgoMe invite you to a lunchtime round table discussion on the most pressing issues in today’s industry; digital skills shortage and the Apprenticeship Levy
Date: Tuesday October 22
Location: WeWork, 1 Fore Street Avenue, Moorgate, EC2Y 9DT
Time: 12.15 for 12.30
Introducing your hosts:
FSTP LLP, a Main Provider for Apprenticeships offering Financial Services, Leadership and Management Apprenticeships, will be on hand to share insights and experience
AlgoMe, the community for the Investment Management industry, connecting professionals from Asset Managers, Wealth Managers and FinTechs with their wider industry ecosystem will be on hand to discuss skills and transformation in the industry
Your co-hosts Rob Carter and Andy Milner, AlgoMe will give an overview of demand for retraining and tech skills, based on the latest AlgoMe report; The Disrupted Career: FinTech, Innovation and The Future Of Careers In Investment Management Followed by Philippa Grocott and Nicola Spennati from FSTP LLP, will give an overview of opportunities for using the apprenticeship levy and how to do so effectively within the industry sector
12.50 – 14.00
Group discussion over lunch
Key points for discussion:
FinTech, Innovation and the growing digitisation of Asset Management mean technology skills are becoming more important to firms There is pressure in the industry from regulation and changing customer expectations in addition career paths are changing and becoming less predictable Automation and AI will make traditional roles redundant and up to 40% of the workforce will require retraining in the next 5-10 years There is over £3bn of unspent apprenticeship levy funds which are set to be returned to the Treasury if they remain unspent This money can be used to help meet these challenges by retraining existing staff, up-skilling new joiners and re-skilling returners after career breaks There are rules around how the levy can and can’t be spent Companies need to have in place an effective strategy to ensure that not only the rules are met so that the funds can be recovered, but that the needs of the individual and the wider business benefit are met
AlgoMe connects the Asset Managers, FinTechs, consultants and vendors that make up the Investment Management ecosystem and empowers professionals to develop their careers.
AlgoMe Community brings professionals and companies together, letting members discuss topics facing the industry, expand their networks, and read thought provoking insights. These conversations help drive the collaboration and innovation which are reshaping the industry, and provide a platform for existing investment communities to connect with each other.
AlgoMe aims to be the ‘go-to’ place for companies and professionals in Investment Management to find each other and the answers to the challenges the industry faces. Through the use of technology and algorithms, we are driving change in the way the sector communicates and are providing our community with cutting-edge tools to manage and develop their careers.
AlgoMe is a proud FinTech member of the Investment Association.
Announcing our new report - The Disrupted Career: Fintech, Innovation and the Future of Careers in Investment ManagementBy Luuk Jacobs
The adoption of FinTech will bring significant changes for the future of Investment Management - from which products are offered to clients and how they are delivered, to the overall structure of the Industry itself. This level of disruption will also impact the future careers of the individuals working in or entering the Industry today.
According to the European Fund and Asset Management Association (EFAMA), there are 610,000 professionals employed directly or indirectly across Europe in the Investment Management ecosystem, with over 100,000 in the UK. Which of these roles could disappear over the next couple of years, where are the opportunities and how should you navigate the disruption?
In our latest report, The Disrupted Career: FinTech, Innovation and the Future of Careers in Investment Management, we explore how FinTech is changing careers across the industry, and how professionals are being impacted by and are responding to these changes.
DOWNLOAD THE REPORT
Disrupted Career Paths
Our report found that very few areas within Investment Management will not be impacted by technological change; the career paths of the future will be radically different.
Professionals will need to embrace a more flexible approach to career planning. In addition, future job growth and progression opportunities will be concentrated in FinTech and in roles driving innovation in existing Investment Management functions.
Will We All Be Coders?
Many professionals will need to develop more technical skills, and not just in traditional technology roles. Even where ‘hard’ skills around coding, AI and data science will not be important, there will be an expectation that professionals will have a more holistic view of how technology underpins the business.
However, this will not negate the importance of soft skills, and blending skill-sets will be critical for the most successful teams and individuals.
With the industry expecting strong growth with a target of doubling of AUM over the next decade, those who position themselves to embrace the coming changes can look forward exciting opportunities.
To find out more, please read the full report.
DOWNLOAD THE REPORT