Blogs

Be the first person to recommend this.
A Guest Blog by State Street | ALFI Member | Diversity Project North America Member Abdel Hmitti, Senior Vice President, Head of EMEA Private Equity & Real Assets Fund Services Joshua Lovell, Senior Vice President, Head of Global Transfer Agency Operations Every generation faces a new set of social and economic conditions. They take on the reins handed down to them, but their journey does not always follow the old path. Evolving to meet the needs of a new environment is a huge part of growth. Quite similarly, the vision for inclusion and diversity at its inception was very different from what it is today. From focussing on overcoming ...
0 comments
Be the first person to recommend this.
Boston, MA -- December 13, 2021 -- Nicsa, a leading asset management trade association, is proud to announce the winners of the 2021 Nicsa NOVA Awards, which recognize excellence in innovation and leadership within the asset management industry. The 2021 award winners are as follows: Lifetime Achievement Award Michael (Mike) DeNofrio, Managing Director, Head of Global Transfer Agency Operations, BNY Mellon Outstanding Service to the Fund Industry - Robert L. Gould Award William (Bill) Galvin, Managing Director, President Invesco Investment Services, Global Head of Transfer Agency, Invesco Strategic Leadership Award Chuck Booth, ...
0 comments
Be the first person to recommend this.
Between changing investor demands, a global pandemic, and advancements in technology, the past few years have brought profound change to the wealth management industry. Many of these trends existed pre-COVID-19, but most agree that the virus radically accelerated them, ushering in an inevitable future. Asset managers focused on building relevance and trust in this radically altered environment during a recent session at Nicsa’s GMM. Michael Galkoski, National Sales Manager, US Wealth Management at American Century, moderated the event, which featured leaders from Envestnet, LPL Financial, and Morgan Stanley. Sterling Shea, Managing Director, ...
0 comments
Be the first person to recommend this.
Half of advisors are saying they will not meet an asset manager sales representative in person under any circumstances, and only 29% say they will only meet remotely, according to recent research conducted by SS&C in association with Horsesmouth. “This speaks to the importance of understanding the behaviors and preferences, of the different audiences you are supporting, and how distribution is thought of in a fundamentally different way than it has in the past, said Lee Kowarski, VP, Head of Data Science & Distribution Solutions at SS&C Technologies. Kowarski moderated a session on relationship management during Nicsa’s GMM in October. ...
0 comments
Be the first person to recommend this.
The ongoing evolution of asset management is an important industry topic — and was a frequent point of discussion throughout Nicsa’s recent GMM. “It is no longer a question of ‘if’ asset management needs to change; but rather of what that transformation should look like and how it can create long-term value for all industry stakeholders,” Andre Veissid, Partner - Strategy and Transactions at EY, said on the first day of the event, held virtually October 6-8. Veissid moderated a panel comprised of market-leading professionals from Capital Group, Fidelity Investments, and Vanguard — all of whom are taking innovative approaches to developing and implementing ...
0 comments
Be the first person to recommend this.
“Our jobs are never boring, because our industry is always changing,” Kevin Mahn, President and Chief Investment Officer at Hennion & Walsh Asset Management, said during Nicsa’s 2021 General Membership Meeting (GMM) October 6-8. Mahn was one of three executive-level panelists who shared perspectives on boosting client value in a rapidly evolving asset management industry. Journalist Sharon Epperson, Senior Personal Finance Correspondent at CNBC, moderated the virtual session. Panelists agreed that a hefty dose of innovation — both in terms of fintech and social adaptation — is crucial in building and delivering product strategies as the industry’s ...
0 comments
Be the first person to recommend this.
Boston, MA – November 1, 2021 – Nicsa announced the election of seven new Committee Chairs who will each help support the nonprofit’s work to advance leading practices within the global asset management industry. Nicsa supports a variety of committees that are open to all employees of member firms, providing an excellent opportunity for all divisions, all departments, and all levels of management to participate in the development of industry solutions across myriad business lines. View full list of Nicsa Committees here. Committee Chairs are the visionaries responsible for establishing and tracking the mission of Nicsa Committees, as well as presiding ...
0 comments
Be the first person to recommend this.
Nicsa’s Annual DEI Perception Study, Prepared with EY, Identifies Authenticity Gaps and Offers Actionable Tips Asset management industry participants perceive high adoption of DEI importance; however, navigating path to measurable results presents challenges and opportunities. Boston, MA – October 12, 2021– Despite a high level of acceptance of the importance of diversity, equity, and inclusion (DEI) in the workplace, perceptions of meaningful progress fell below personal expectations from asset management industry participants. While firms across the industry made headway on increasing awareness and battling bias, many face continued challenges ...
0 comments
Be the first person to recommend this.
Boston, MA – October 6, 20201 – Nicsa announced at its 2021 General Membership Meeting the election of six new members to its Board of Directors. The new Board members are as follows: Ryan Burns | Northern Trust Ken Cawley | Goldman Sachs Lisa Goulemas | Fidelity Kirsten Pickens | FS Investments Steve Rueschhoff | Edward Jones Cindy Schreiner | RBC Commenting on the appointments, Nicsa President & CEO Jim Fitzpatrick said, “We are so pleased to welcome such high caliber individuals, representing some of the industry’s leading firms, to drive our mission of advancing leading practices in the global asset management community.” ...
0 comments
Be the first person to recommend this.
Boston, MA – September 20, 2021 – Nicsa, leading provider of education and networking forums to professionals in the global asset management industry, announces the keynote speaker for its 2021 General Membership Meeting to take place on October 6-8. “High-caliber, dynamic speakers are a critical component of Nicsa’s national conferences, providing attendees a tremendous opportunity for new information on critical topics that are important to all of us - both personally and professionally.” says Nicsa President & CEO Jim Fitzpatrick. The GMM will kick off on Wednesday October 6 with a keynote presentation by Kate O’Neill, Founder of KO Insights, ...
0 comments
Be the first person to recommend this.
Boston, MA – September 8, 2021 – The third-annual Women in Asset Management Award Series (US Edition), presented by DiversityQ, has chosen Nicsa’s Diversity Project North America as 2021 DEI Initiative of the Year. Contestants for this award category were judged based on their initiative’s commitment to promoting diversity, equity and inclusion, its impact on their firm and/or industry, and the overall results achieved. More than 200 individuals from across the asset management industry were nominated for the award series. 119 finalists were selected, with the shortlist including Nicsa’s own Jim Fitzpatrick and Kelly Sherrard for the categories Male Ally ...
0 comments
Be the first person to recommend this.
The Nicsa 2021 General Membership Meeting (GMM) will take place virtually October 6-8 to explore what the next few years will look like as we seek out new ways to drive innovation in the global asset management industry. As we collectively return to a new normal and reset our expectations, our goals, and our business models, it’s never been a more important time to collaborate with industry peers. Nicsa is offering registrations for all industry participants, along with a streaming pass for our member firms. Thought leaders from across the asset management spectrum will convene to discuss the leading topics impacting asset management firms, broker dealers, ...
0 comments
Be the first person to recommend this.
In July, CFA Institute, a founding member of the Diversity Project North America , published a draft if its voluntary Diversity, Equity, & Inclusion Code for the Investment Profession in the US and Canada for public comment. We’ve now entered the last two weeks of the public consultation period. If you have not already done so, we are asking asset management industry participants to review the Code and provide the valuable feedback necessary to help make this initiative a success. The draft DEI Code represents collaboration between CFA Institute and a Working Group of industry leaders to foster a commitment that will lead to greater inclusion ...
0 comments
Be the first person to recommend this.
Boston, MA – August 9, 2021 – InvestmentNews has recognized Nicsa’s Diversity Project North America as a 2021 Excellence in Diversity, Equity and Inclusion Awards finalist. Diversity Project North America, along with 15 other firms and initiatives, were chosen from more than 120 nominations by a committee of InvestmentNews representatives and judges from the advice business. Diversity Project North America was recognized for its ability to inspire others from diverse backgrounds to join, flourish and bring their true selves to the financial services industry. InvestmentNews is proud to introduce the fourth annual Excellence in Diversity, Equity and ...
0 comments
Be the first person to recommend this.
Diversity Project North America members gathered during a recent “Next Practices” Committee meeting to discuss a pressing theme in the global asset management industry: DEI data transparency. Two DPNA founding members proudly presented their firm’s recent DEI transparency initiatives. We share these resources as examples of bold leadership in this evolving area: Capital Group’s Update on Diversity, Equity and Inclusion 2020 Fidelity’s Diversity & Inclusion Report Capital Group spoke about the clear impact on associate engagement with the increased transparency and positive impact on customer relations. Fidelity discussed ...
0 comments

What Leadership Means in 2021

Be the first person to recommend this.
The ongoing COVID-19 virus. Vaccine availability and adoption. Workplace flexibility. Talent recruitment and retention. Initiatives to address racial disparities. Faced with a growing volume of industry concerns, leaders of the largest asset management firms have more than enough to keep them up at night. Attendees of Nicsa’s Fearless Leadership Symposium got to hear from two of those leaders — Mandell Crawley, CHRO of Morgan Stanley, and Marc Brookman, CEO of Schroders North America — regarding the bold choices they have made to build stronger and more inclusive workforces in 2021. A RETURN TO THE WORKPLACE Brookman kicked off the ...
0 comments
Be the first person to recommend this.
We’ve all heard that change starts at the top, but many leaders aren’t sure how to approach urgent issues centered on diversity, equity, and inclusion (DE&I). During its recent Fearless Leadership Symposium, Nicsa brought together a panel of forward-thinking C-suite executives who helped demystify the process of integrating DE&I into organizational culture. The session, moderated by Jun Li, Co-Leader of the Americas Wealth & Asset Management Sector at EY, also featured executives from Amundi, BMO Asset Management, and Janus Henderson Group. “At EY, diversity, equity, and inclusiveness are core to who we are and how we work,” Li said. “We ...
0 comments
Be the first person to recommend this.
On June 1, 2020, Northern Trust President Shundrawn Thomas published an open letter to the industry detailing his personal experience with racial profiling during an encounter with police in a Chicago suburb. At Nicsa’s Fearless Leadership Symposium approximately a year later, Thomas met virtually with CNBC's Sharon Epperson to further the conversation on diversity in financial services. “When I candidly share what it means to be racially profiled — or what it means to show up as the headline presenter at a conference and be assumed to be part of the staff — it’s because these kinds of things make the experience more tangible,” Thomas said. “And here's ...
0 comments
Be the first person to recommend this.
Client expectations are shifting the paradigm on diversity, equity, and inclusion (DE&I) across the asset management industry. While plenty of work remains to be done, investment managers and other stakeholders know that ethnic, racial, and gender diversity is fundamental to the success of their firms — and they’re eager to effect real change. Attendees of Nicsa’s Fearless Leadership Symposium took a deep dive into this topic during a recent session moderated by Kim Hyland, Managing Director and Head of the U.S. Relationship Management Team at MFS Investment Management. “DE&I is foundational to the work that we do as asset managers and to ...
0 comments
Be the first person to recommend this.
From our Partners at LGBT+ Great: Thursday 24 June 2021 -- LGBT Great has launched the 2021 Global Top 100 Executive Allies initiative to mark Pride and spotlight executives from across the financial services industry who have demonstrated excellent leadership on the diversity and inclusion agenda. The 2021 Global Top 100 represent senior leaders who influence the diversity agenda, support the LGBT+ community and demonstrate a commitment to future action. All executives were nominated by industry employees and are engaged in support of equality and inclusion within their firm. This year ten executives have also been awarded an Ally Award for their sustained ...
0 comments