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Independent Wealth Management Forum 2019 HK - Exclusive Insights - Damian Hitchen - 2

Damian Hitchen of Swissquote

Oct 28, 2019

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1. What are Independent Asset Managers’ requirements from their ‘custody platform’?

Video transcript

1. What are Independent Asset Managers’ requirements from their ‘custody platform’?

I think increasingly it's more than traditional custody now, because if we go back 10, 20 years, that was very much in the remits of the global custody banks. I think now, the expectations and the requirements from the AM industry are getting a lot more varied. They don't just expect custody, they expect access to global asset classes, multi-asset classes, they expect the ability to have direct market access, so they can place the trades on a best execution basis, which obviously benefits their clients. They're looking for other potential gadgets or tools that can save them time on the back office and the middle office. That's precisely what we do at Swissquote. We provide a full middle and back office solution. And increasingly we're building front office capability for our partners, as well. So I think there's been a concerted move in the new digital era of EAMs expecting more and more from their custody providers. And I think in many ways that's a potential danger to the traditional incumbents who it doesn't seem are moving very far from where they were a number of years ago.

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