BNY Mellon Perspectives Article
BNY Mellon Perspectives Article
August 2020
In this podcast, Hani Kablawi, BNY Mellon’s Chairman of International, shares the three global megatrends affecting the financial services industry, and how they have inspired financial services companies in a renewed search for purpose and value. Hani has oversight of BNY Mellon’s European, Middle East, African, Asia Pacific and Latin American activities, showing the breadth of our businesses in 34 countries. Working closely with our largest global clients, Hani has developed keen insight into their most pressing concerns and compelling priorities.
1. The Rise of the Individual Investor
2. Technology as an Enabler
3. Geopolitical Shifts and Their Economic Impacts
Financial services companies have been reacting to these trends in two ways. One: They are undergoing a renewed vigor and evaluation of their purpose in society, and linking that purpose to what they do and how they do it. Two: They are increasingly seeking new ways to generate value for their stakeholders—not just shareholders but clients, employees and the communities in which they operate.
Finding Company Purpose
Driving New Sources of Value
As companies think about the next few years, the opportunity to align their purpose with what they do and how they do it will continue to be important. ESG considerations will continue to climb up the significance curve for investors. That significance will be driven by what stakeholders are expecting of their providers, whether citizens wanting more from their sovereign wealth funds; pensioners and retirees setting higher expectations for pension funds; or sovereigns and pensions expecting more of their investment managers. Similarly, companies will continue to search for value, and put value in terms that can be quantified and understood. The companies that can do both effectively may be those that not only survive but thrive in rapidly changing times.
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