By Luuk Jacobs
By Eva Keogan
By Jonathan Max
By Luuk Jacobs
By Andy Milner
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.
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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.
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The Disrupted Career - FinTech, Innovation and the Future of Careers in Investment Management ReportBy Luuk Jacobs
The Disrupted Career
Welcome To The AlgoMe Report On FinTech, Innovation And The Future Of Careers In Investment Management
This report aims to address key questions that are important to everyone working in or looking to join the Investment Management Industry.
How significant will the impact of FinTech be on career paths? How likely is my current role to be affected? Where are the opportunities in this disruption? How can I best position myself for future success?
We asked a panel of Investment Industry professionals their views.
The full report is available for download to all AlgoMe Community members. Not already joined? Becoming a member takes less than a minute.
By Andy Milner
Following our successful event at Cass Business School in January, AlgoMe is teaming up with another of Europe's leading higher and executive education institutions with a panel discussion at Imperial College Business School on 3rd April.
We will be joined by another panel of industry leaders to discuss the impact that the FinTech revolution is having on the demand for skills in the Investment Management industry and what individuals looking to enter or progress careers in the industry can do to help them succeed.
Joining Rob Carter, CEO of AlgoMe and Ruben Lara, Chief Data Office of Standard Life Aberdeen, will be Ben Lucas, Partner in UK Wealth & Asset Management at EY, and Henrik Grunditz, Co-Founder & Chief Revenue Officer of Hivemind, a FinTech that is helping companies create value from complex data sets.
Attendance is open to students and alumni of Imperial College Business School, and we will be sharing highlights of the discussion with the AlgoMe Community.
If you have any questions that you would like to be put to the panel, please comment below, or send them to us via our other social media channels.
Ben is a Partner within the UK Wealth & Asset Management practice at EY. Prior to joining EY, he was a Practice Lead for Alternatives within Alpha Financial Management Consulting. Ben previously worked for EY as a Management Consultant and also for Zurich Financial Services. Ben has extensive experience across the Financial Services industry, with a particular focus on Asset Management and Alternative Investment. He has worked in senior strategy, advisory and change management roles based variously in London, New York and Paris.
Henrik is a co-founder and the Chief Revenue Officer of Hivemind. Prior to co-founding Hivemind, Henrik was a senior vice president at Winton Group, a large quantitative hedge fund where he was responsible for business development with institutional investors in Europe. Prior to joining Winton in 2013, Henrik spent 5 years at MSCI / RiskMetrics where he was responsible for developing the multi-asset risk analytics business across various client segments in Europe. Henrik started his career in management consulting, working in Accenture’s Capital Markets practice. Henrik holds a First Class Master’s degree in Information Systems Engineering from Imperial College London. At the end of 2018, Hivemind was just one of five companies selected for the inaugural cohort of Velocity, a FinTech accelerator programme run by the Investment Association (IA)
Dr Ruben Lara
Ruben is Chief Data Officer at Standard Life Aberdeen. Prior to joining Standard Life Aberdeen in 2016, Dr. Lara held senior positions at Vodafone, where he was Head of Big Data Analytics, and at Telefonica, where he was Head of Big Data Product Development and Innovation. Ruben started his career in financial services, working as a technology consultant specialised in data and analytics. Ruben holds a PhD in Artificial Intelligence and has received the First National Award in Computer Science from the Spanish Ministry of Science and Education and sits on the advisory panel of Velocity.
Rob is co-founder of AlgoMe and is an experienced Front Office change consultant with a diverse skill-set built during almost 15 years of working in Financial Services. Rob has worked across the complete project delivery lifecycle over a range of Investment Management and regulatory focussed initiatives; including, leading investment integration work streams of mergers between a number of major asset managers. He was formerly Head of Fixed Income and Equities Platforms at Aberdeen Asset Management and is a CFA Charterholder.
By Andy Milner
According to Ignite Europes they are:
Ability to engage Quantitative Technical knowledge Technical aptitude Adaptability Ability to think differently
By Luuk Jacobs
The survey is now closed - thanks to all who participated. Keep an eye out for the results on AlgoMe Community soon.
With Investment Management being increasingly impacted by the growth of FinTech, the industry needs to better understand how people feel about these changes.
We would appreciate you completing our short survey, and sharing it with your friends and colleagues. We will publish the results in the community in the near future.
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If you have any issues you can also complete the survey here