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Digital Wealth Asia Forum 2019 HK - Highlights - Damien Mooney

Damien Mooney of BlackRock

Nov 29, 2019

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1. What are the challenges and opportunities for this industry?

Video transcript

1. What are the challenges and opportunities for this industry?

Opportunities and challenges. There are many for sure. The opportunity, of course, is to lead the way through innovation. The challenge is complacency. So, as we discussed earlier in the panel, we've been very fortunate to have been buoyed by very favourable market conditions for many, many years now. And that's obviously helped the industry grow, but obviously it hasn't necessarily made us as cost efficient as probably we need to be in an environment where that profitability will face some challenges. So, innovation is the opportunity. Complacency is the challenge.

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