Nicsa Presents Honorees with Volunteer of the Year Awards at SLF 2020
Nicsa is pleased to announce the winners of its annual Volunteer of the Year Awards. Honorees will be celebrated at the Nicsa Strategic Leadership Forum held from February 26-28, 2020 in Fort Lauderdale, Florida.
“We look forward to honoring Nicsa committee members who have demonstrated committed excellence in driving forward educational content for our members. Their leadership has driven member collaboration and increased industry dialogue, which in turn paves the way toward the building of best practices in the global asset management industry,” said Jim Fitzpatrick, President and CEO of Nicsa.
Nicsa’s committees work on behalf of the organization to provide its members with content, resources, and events to keep up to date on evolving issues within the global asset management industry. By doing so, the committees support the association’s mission of developing, sharing, and advancing leading practices among industry participants. Each year, Nicsa recognizes outstanding volunteers whose sustained contributions over the previous twelve months were deemed exceptional.
A list of this year’s honorees, by Committee, follows:
Abandoned Property
Leeann Dionne, SS&C
Alternative Investments
Julie Collison, Merrill Lynch
Compliance & Risk
Erik Olsen, ACA Compliance
Content
David Parks, EY
Data Analytics
Jason Dauwen, SS&C
Diversity Project Best Practices
Paula Modugno Tepper, PGIM
Diversity Project Public Relations
Tom Collimore, CFA Institute
Diversity Project Talent
Pam Burns, Northern Trust
General Membership Meeting Planning Committee
Sonja Formato, Foreside
Membership
David Halligan, SFS Mars Solutions
Next Gen
Lana Bergstein, Dimensional Funds
Product & Distribution
Sonja Formato, Foreside
Regional Events
Beverly Dube, Celera Systems
Retirement
Rob O’Brien, Putnam
Strategic Leadership Forum Planning Committee
Jennifer Hoopes, Foreside
SMA Working Group
Patrick Mullins, Columbia Threadneedle
TA
Karen Walsh, Putnam
Technology
Sam Perone, Merrill Lynch
Webinar Advisory
Lisa Light, SS&C
President's Award
Lynette Turner, BNY Mellon
Veronica Lee, FIS
If you are interested in learning more about the Nicsa Awards or attending the 2020 Strategic Leadership Forum, visit: nicsa.org .
Washington, D.C.– January 13, 2020 – Today, leading asset management trade association NICSA is announcing it is rebranding to “Nicsa” and is upgrading its technology tools to better serve its members. The enhancements bring a fresh new look and improved engagement functionality as it further expands its presence in the global asset management space.
“We are very proud and excited to introduce our Nicsa 2020 rebrand and upgrades. We believe these vital changes will help convey the breadth of content and opportunities we offer as well as provide an improved member experience,” said Jim Fitzpatick, President and CEO of Nicsa. “We hope the new Nicsa will invigorate our members in this new year and beyond, as we further our mission to connect all areas of the global asset management industry.”
Nicsa’s refreshed brand emphasizes connectivity and community within the global asset management industry. The brand encompasses Nicsa initiatives such as the Diversity Project North America and Blackwell Scholarship programs, and underscores the association’s modernization and expansion into cutting-edge business areas such as technology, distribution, and product innovation.
Nicsa’s platform improvements focus on three main components: a redesigned website, a new community portal, and a new learning management system. The website, nicsa.org, features streamlined navigation, enhanced functionality, and new analytics tools. Via the website, users can access Nicsa Hub, a community platform allowing members to connect and share information, and the Nicsa Knowledge Center, a learning platform featuring Nicsa content and resources. “I look forward to seeing Nicsa’s momentum continue with this meaningful update. I’m also pleased that our members now have a platform upon which to share valuable resources and collaborate on the development of best practices,” said Jylanne Dunne, Vice President of the Diversity Project North America.
“The updates to Nicsa’s technology platforms and brand provide a great new foundation for even bigger and better things to come from our growing number of members across the asset management space,” said Dan Houlihan, Chairman of the Nicsa Board of Directors and Executive Vice President, Head of Asset Servicing for the Americas at Northern Trust Company. “I am excited about Nicsa 2020 and look forward to all the new strides we will be making from these upgrades in the months and years to come.”
About Nicsa
Nicsa is a not-for-profit trade association striving to connect all facets of the global asset management industry in order to develop, share, implement, and advance leading practices. For over fifty years, Nicsa has promoted an open and collaborative environment, where members’ and partners’ deep expertise and unique perspectives have come together to help strategically implement and support the industry’s most vital issues. Click here for more information about membership.
Nicsa aims to help firms operating in all segments of the global asset management industry meet the changing needs of their clients by aligning and educating industry participants through formal education programs, interactive forums, networking opportunities, and initiatives such as the Diversity Project North America. The Diversity Project’s goal is to accelerate progress towards a diverse and inclusive culture in the asset management industry to deliver the best possible results for clients, reflect the society we serve, and ensure long-term business sustainability. Click here for more information on Nicsa’s Diversity Project North America initiative.
Join us in Fort Lauderdale from February 26-28 to address the industry’s most important issues head on. Solidify your 2020 business plans with timely insights from a diverse set of perspectives—asset management firms, broker dealers, and an extensive group professional service firms. Nicsa has over twelve hours of educational content lined up with an impressive slate of expert speakers.
Conference highlights include:
Guy Adami, One of CNBC's original "Fast Money Five" and Wall Street Veteran
This year’s Face the Membership feature promises to be a dynamic and interactive session. Asset managers and broker dealers take the stage for a discussion around the latest business trends and challenges. A must attend session for all areas of the asset management industry!
Jimmy Blackmon, Author, Leadership Expert, Military Leader
Having spent 30 years leading soldiers in the U.S. Army, Jimmy Blackmon has led high-risk missions all over the world. Jimmy uses these experiences to teach others how to get the most out of teams under extreme pressure in high stakes situations. From storytelling to time management, from conducting effective meetings to holding people accountable, Jimmy helps business leaders put it all together while navigating the complexities of working in the 21st century.
Peter Kraus, Chairman & CEO of Apeture Investors
Innovations in Client-first Fee Structures will tackle the shifting paradigm around fee structures for asset managers. Wall Street veteran Peter Kraus takes a deep dive into what investors are paying for performance, what's incentivizing portfolio managers, and how the asset management business model is evolving to address structural shifts.
Candida "Candi" Wolff, Executive Vice President, Global Government Affairs, Citi
With the 2020 presidential race in full swing, investors and industry participants alike brace for the potential outcomes of the election season. What's the impact to the broader economy and financial markets in particular? Candi Wolff of Citi provides an in-depth and candid look at today's unique political landscape and the future impact on the global asset management industry.
“Nicsa’s Strategic Leadership Forum provides a great value to our members,” said Jim Fitzpatrick, President and CEO of Nicsa. “The association continues to expand its reach by providing timely and educational insights on the industry’s top issues to all segments of our membership, including distribution, product development, and technology. I welcome our members to actively engage in the development of best practices within the industry we serve by attending the 2020 SLF.”
Nicsa is committed to bringing together today’s top thought leaders within the asset management industry to create an optimal opportunity for collaboration, networking and idea sharing.
Secure your spot today at the Nicsa Strategic Leadership Forum.
McLean, VA, January 30, 2017—The National Investment Company Service Association (NICSA) announced at its annual General Membership Meeting in September 2016 the election of Dan Houlihan, Senior Vice President and Head of Global Fund Services at Northern Trust Company, as Chairman of its Board of Directors.
As Chairman, Dan will preside over the governing body of the Association as well as NICSA’s executive committee. The board is responsible for oversight of policy and activities of the trade association, whose members include investment management companies, broker dealers, banks, and professional service firms that support the global financial services industry. An announcement was put forth by Northern Trust Company on January 30.
Commenting on the appointment, NICSA President Jim Fitzpatrick said, “Dan brings a comprehensive knowledge base and a strategic outlook on the financial services industry to NICSA. We are very pleased to have an individual of Dan’s caliber lead our Association.”
About NICSA
The National Investment Company Service Association (NICSA) is a not-for-profit trade association providing leadership and innovation in independent education programming and information exchange within the global financial services industry.
NICSA member companies operate in all segments of the financial industry and include mutual fund complexes, investment management companies, broker dealers, custodian banks, transfer agents, and other professional service firms including audit, tax, legal, technology, marketing, telecom, and compliance.
NICSA was established in 1962 as an education and networking forum for financial professionals. Today, NICSA offers a comprehensive range of services, allowing members to develop, share, and advance leading practices among global investment management industry participants.
McLean, VA, August 21, 2013 -– NICSA and Money Management Executive are pleased to announce the winners of the 2013 NOVA Awards. To be honored at the 2013 NICSA General Membership Meeting on September 20, 2013 in Boston, these awards recognize outstanding service, leadership and innovation within the fund operations industry.
Nominated by their fund industry colleagues, this year’s winners were chosen by an independent judging panel of distinguished industry leaders who blindly scored each submission to determine a winner for each of the following award categories:
CREATIVITY IN MARKETING OPERATIONS
Winner: Putnam Investments
Honorable Mention: Gregory Bassuk, Chief Operating Officer, IndexIQ
INNOVATIONS IN BACK OFFICE EFFICIENCIES
Winner: OppenheimerFunds Intermediary Services
Honorable Mention: SEI – Investment Manager Services
INNOVATIONS IN CUSTOMER SERVICE
Winner: FundVisualizer, Putnam Investments
Honorable Mention: Janus Capital Group - Team CVS: Craig Brown, Ginger Fanning, John Urosevich
VISIONARY LEADERSHIP
Winner: Jim Tracy, Morgan Stanley Wealth Management
Honorable Mention: Charles Rizzo, John Hancock Funds
“Each year, the NOVA Awards program highlights NICSA’s commitment to innovation and achievement within the global investment management community through the recognition of industry leaders who have set their organizations apart by exemplifying outstanding service, embracing new technologies and streamlining back office processes.” said Fred Naddaff, Chair, Board of Directors, NICSA.
About NICSA
NICSA is the leading provider of independent education and networking forums to professionals in the global investment management community. It is a network of nearly 10,000 business professionals from within the investment management industry and the firms that support the industry, including mutual fund complexes, investment management companies, custodian banks, transfer agents and independent providers of specialized products and services. The Association consists of corporate member firms with offices operating in major financial centers around the world. Membership fees are surprisingly small, yet the benefits of membership are anything but. NICSA offers the most comprehensive range of services in the industry, allowing members to learn, network and share best practices locally, nationally and globally.
NICSA will be recognizing outstanding leadership in the global asset management industry at its 2019 GMM in Boston this October. The NICSA NOVA award ceremony is one of our most anticipated events, and we very much look forward to recognizing this year’s winners. Nominated by their colleagues within the asset management industry, award winners are celebrated for innovation and dedication to the global asset management industry. Read press release.
We offer our congratulations to those that have set their organizations apart by exemplifying NICSA’s mission to advance leading practices throughout all facets of the industry.
A list of the 2019 award winners follows:
LIFETIME ACHIEVEMENT AWARD
OUTSTANDING SERVICE TO THE FUND INDUSTRY – ROBERT L. GOULD AWARD
INDUSTRY INNOVATION AWARDS
EMERGING LEADER AWARDS
NICSA members enjoyed an update on one of the industry’s fastest-growing initiatives — the Diversity Project North America— during a recent #WebinarWednesday event.
Shaelyn Otikor, Senior Vice President, Global Strategy, Corporate & Institutional Services at Northern Trust, moderated the event, which also featured forward-thinking representatives from NICSA and Aon.
Jylanne Dunne, VP, Diversity Project North America at NICSA, kicked off the program with an overview of the NICSA-sponsored initiative, which was introduced during the General Membership Meeting in October 2018 and inspired by a similar effort launched in the UK in 2016.
“The Diversity Project North America followed the UK project in some important ways,” Dunne said. “We established two levels of membership, founding and participating, with founding members leading both strategically and from an execution standpoint. We’re similar to a board management structure where the participating members are heavily involved in the active communities.”
The Diversity Project North America will be overseen by a CEO Advisory Council comprised of C-suite representatives from each of the member firms, as well as an Executive Steering Group that will lead the implementation of the initiatives championed by ambassadors.
The strategy will be managed via committees and workstreams focused on different dimensions of diversity and inclusion. A dozen success indicators have been put in place that will be reflective of the group’s efficacy in reaching overall goals. These include:
1. Identification and acceptance of measurement metrics and standards.
2. Enhanced recruitment pipelines utilizing anti-unconscious bias practices.
3. Operating procedures with clear accountability for hiring, career pathing, sponsorship, and mentorship.
4. Shared findings with actionable industry feedback.
5. Development and offering of leadership, diversity and inclusion training, and education.
6. Advancement and retention of diverse mid-level and above employees.
The Diversity Project’s new operating committees are already setting plans into motion. For example, Paul Olschwanger, Associate Partner, Strategic Initiatives & Human Capital Development at Aon, said he has been serving on the Executive Steering Committee of the Diversity Project North America as Co-Chair of the Talent Management Initiative.
“As all of the committees had been asked to do, we’ve created a mission statement: ‘To promote investment management opportunities to interested and diverse talent on behalf of the investment industry looking to further establish best practices from a business case for diversity and provide the tools required to effect quantifiable change,’” Olschwanger said.
“That’s important because our senior leaders are tasked to show tangible results of diversity and inclusion, and it’s critical that we earn their support,” he added.
Dunne said other operating committees are setting up in a similar way. “They are identifying key initiatives and having volunteers focus on one of those initiatives as a subgroup,” she said. “We have over 100 volunteers today currently working on these five committees, and I expect that we’ll continue to grow as more firms are added to our membership.”
Note: Although the observations contained in this work represent the best thoughts of the individuals comprising the NICSA panel, they do not necessarily reflect the views of NICSA or any of its member organizations. Matters addressed in this work may touch upon legal or regulatory matters, however nothing herein is intended to be or should be construed as legal advice. You should contact your own counsel in order to obtain legal advice regarding these or any other matters.
#DiversityandInclusion
#NicsaUpdates
NICSA will once again partner with ALFI for the Association of the Luxembourg Fund Industry’s Global Distribution Conference from September 25-26 , where 650+ senior representatives from the global distribution community will convene to learn about the latest developments on the global distribution landscape.
The conference will reflect on 30 years of UCITS, explore the future of enhanced cross border distribution, and take a deeper dive into distribution trends in LatAM and Asia, product trends around the globe, and the technology that is making distribution easier and more efficient.
While at the event, I’m eager to hear from the 50+ speakers and to network with the fund distributors responsbile for the global reach of investment funds. I am also looking forward to sharing the ALFI stage with Sally Wong, CEO of the Hong Kong Investment Funds Association (HKIFA), to provide important perspectives regarding our respective markets as they relate to the global distribution ecosystem.
Fee compression and shrinking shelf space are on the watch list for global asset managers facing an increasingly competitive environment. Data-inspired distribution models and strategic alignment of intermediary partnerships significantly contribute to the future vision of global financial product distribution. All the while, technology-inspired service models designed for the digital era are taking center stage. A global view of these matters is critical to growth for innovative industry leaders. I look forward to sharing NICSA’s views with conference attendees.
NICSA has enjoyed a long and successful partnership with ALFI and its members. Events such as ALFI’s Global Distribution Conference are critical to serving the global asset management community as it meets the challenges posed by increasing globalization. Collaborating on innovative approaches to global distribution is certainly in line with the NICSA mission. Serving the distribution community within the global asset management industry has been a focus for NICSA in recent months, and will continue into 2019. Our organizaton recently formed two new working committees: a Product & Distribution Committee and a Data Analytics Committee. We look forward to sharing the good works of these important groups with our own membership and the ALFI community in the coming months.
#Nicsa Updates
Affluent millennials — defined as individuals born from 1982 to 2000 who have $100,000 or more in investible assets — are a nascent but quickly expanding population, and learning how to successfully engage them is of increasing importance to asset management firms.
According to a recent study by Cogent Reports, more than a third of U.S. adults qualify as affluent investors. Millennials represent a whopping 15% of the total affluent investor population and nearly 20% of affluent investors with $100,000 to $500,000 in investible assets.
“These aren’t your average millennials,” said Linda York, Senior Vice President, Cogent Reports, Market Strategies International, during a recent #WebinarWednesday event. “The average household income of the affluent millennials … is upward of $228,000 per year.”
York kicked off the educational session, which explored insights on working with the next-generation client, with a review of the Cogent Reports research.
“One of the striking findings from our report this past year was that affluent investors, and in particular, affluent millennials, are searching for new places, new ways to invest their money other than the traditional mutual funds, CDs, and bank accounts,” she said. “In fact, we found that the millennial population is driving up the use of ETFs, separately managed accounts (SMAs), hedge funds, and other alternatives.”
The report also revealed that affluent millennial investors receive more than three times the typical outreach volume every month compared to all other generations. They also received more touches than ready-to-act investors.
“Those are the folks that are in the shopping mindset – but even in comparison to them, the millennials are showing much more activity in terms of the number and types of touches that they’re reporting and receiving from financial services providers,” York said.
Millennial investors are also eager for information and most open to digital communication. “We’re seeing that these digital touchpoints can be a real win in both situations: for the financial providers as well as their potential customers.”
Matt Schiffman, Principal, Broadridge Data & Analytics, highlighted findings from his organization’s national research study on understanding the next generation of investors.
“We found that the vast majority of millennials, roughly 69% that we surveyed, do not have or use an advisor,” Schiffman said. “And the gender split overwhelmingly is dominated by men, underscoring the need to bring more women into the conversation.”
When compared to other generations, Schiffman said millennials display vast differences in their views and attitudes toward financial advice. In terms of asset growth, millennials stand in stark contrast to their parents. “For them, it appears to be less about the stock market and more about entrepreneurship and buying into a business,” he said. “They’re also way more confident in robo-advice than previous generations.”
Millennials also anticipate receiving an inheritance more than any other generation. “Millennials have a measurable level of optimism with regards to inheriting some money, but given numerous studies on boomer spending habits, in concert with rising retirement costs like healthcare, you have to wonder if this is a well-founded, solid plan,” Schiffman said.
“Recognizing and acting on these emerging millennial trends will position financial advisors and the industry to attract and keep this huge generation of clients at a critical time in their wealth creation and loyalty-building stage,” he concluded.
NICSA would like to thank Broadridge for sponsoring this webinar.
#DistributionandSales
#ProductandMarketing
LGBT Great Launches 50For50 Pride Campaign
NICSA is delighted to announce that President and CEO Jim Fitzpatrick is featured in LGBT Great’s #50For50 Executives campaign. The campaign showcases 50 executive leaders across the asset management industry pioneering a diverse and inclusive environment. Jim is a proud ally of the LGBT community and has been recognized for his leadership in the launch of the Diversity Project North America. NICSA launched the Diversity Project in the fourth quarter of 2018 and the initiative is growing steadily among a broad range of firms within the industry. With hopes of deepening the D&I lens within the global asset management industry, we are pleased to see our industry leaders stand together in support of the LGBT+ community not just for #Pride but all year round.
About #50For50 Executives
LGBT Great’s #50for50 Executives campaign is part of Project 1000, which is a five-year drive to shine a light on 1000 LGBT+ and allies within the investment and savings industry. The purpose of the campaign is to showcase 50 executive leaders across our industry and to recognize the 50 years since the Stonewall movement began. The 50 executives represent a broad range of firms (at C-Suite and executive level) across the USA, EMEA and APAC.
About the Diversity Project North America
The mission of the Diversity Project North America is to promote a diverse and inclusive asset management industry with the right talent to deliver the best possible results for our clients, reflect the society we serve, and ensure long-term business sustainability. We aim to achieve diversity across all dimensions through collaborative leadership from executive business leaders pooling resources from industry participants around challenges we all face.
The Project spans the entire range of the industry: asset managers, fund complexes, asset servicers, broker dealers, asset owners and professional service firms. We share best practices, identify gaps in our industry, and initiate action to help solve or improve those inadequacies.
Those interested in learning more about the Diversity Project can visit nicsa.org/diversityproject.
Note: Although the observations contained in this work represent the best thoughts of the individuals comprising the NICSA panel, they do not necessarily reflect the views of NICSA or any of its member organizations. Matters addressed in this work may touch upon legal or regulatory matters, however nothing herein is intended to be or should be construed as legal advice. You should contact your own counsel in order to obtain legal advice regarding these or any other matters.
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