The importance of industry networking: ALFI Conference London 2024

We have written about the importance of industry events recently and shared our insights. This time I would like to reflect on what going to conferences and the attendant networking can mean for a Fintech like ours.

The ALFI London Conference and Cocktail 2024 took place recently in October. It cements the longstanding relationship between Luxembourg and London with respect to the European and global asset management stage and is extremely well attended. Over 1,000 members of the local investment fund community, which included the Reseo team, joined the event.

This annual gathering of key players in the Investment Management industry includes a diverse yet complementary group of Asset Managers, Distributors, Fund Administrators, Lawyers, Regulators, System Providers, and Fintechs like ours.

The agenda included existing challenges such as converting household’s savings into investments, legislative and regulatory innovations, and new horizons such as the emerging extraterrestrial space economy.

While the conference provides in-depth updates on the state of the industry (economy; investment horizon; investor preferences; distribution; regulation; product development; technology), one of the key features of this conference is the opportunity to network with all of these industry players.

There are many advantages to in person networking and here are our top three:

People focused

Attending an event with a large audience to engage with engenders a sense of belonging in our industry, which is a very nice aspect of our work and helps us reaffirm our bonds with each other. In Finance, like most industries, doing business is predicated on the quality of human relationships we develop with others and as such attending conferences, it is always a great pleasure to catch up and reunite with friends and colleagues of the industry, and of course, making new connections.

Listen and learn about the industry

Attending conferences takes us out of our natural habitat, the Fintech laboratory, and exposes us to the realities of the industry. Conference agendas can inspire and generate new ways of thinking, problem solving, ideas and knowledge sharing. It is really important for us to hear what people think, see where the industry trends are heading, and also gather new ideas, which we bring back to base to help refine Reseo’s product and value-proposition.

Exchange and collaboration

We are always keen to discuss our solutions and exchange ideas. At Reseo, we believe in the power of interoperability of tech solutions and the benefits of collaboration with a view to meet the market needs and offer most value for our clients. Networking means we can really test how our ideas are received and explore opportunities to help our future customers. As a result, we hone our ideas where needed in order to meet the demands of the market.

So, if you meet a member of the Reseo team at your next industry conference, please grab us and engage in a conversation, let’s share that pleasure of meeting and connecting.

 

Photo credit: ALFI – Association of the Luxembourg Fund Industry via @LinkedIn

 

The dream team: When the Investment Management industry and Regulators see eye-to-eye …

Funds Congress, which took place in London on February 8, marked the opening of the conference season for the Investment Management industry in UK-Europe. Attendance was remarkable, especially during the live broadcast of Alastair Campbell and Rory Stewart’s podcast, “The Rest Is Politics.” Congratulations to the organisers.

When introducing the two hosts, star broadcaster Kristy Wark referred to them as a “dream team” that managed to avoid being an “odd couple.” This drew genuine big laughs from the audience, but I couldn’t help but draw a parallel with a theme that was recurring during the conference: Investment Managers and Regulators are seeing eye-to-eye on a number of hot industry topics, and for once, complaints on a “regulatory tsunami” were quite muted. Instead, everyone was supportive of one another.

For example, there is a consensus across the continent that private assets will contribute significantly to the financing of the transition to a green economy. As a result, the industry is creatively creating products to attract retail investors towards this segment, which regulators are all supportive of. In our jargon – we like jargon in our industry[1] – this is called “retailisation of private assets.” Furthermore, there is a recognition that asset owners are increasingly scrutinising the ESG[2] credentials of asset managers, using the extensive sustainability data that the latter more and more willingly publish at the request of regulators. When an odd couple turns into a dream team …

But not all is perfect in dreamland. I rephrase. Work is still in progress. There was much discussion on the merits and benefits of digitalisation and AI for investors and the industry alike during the conference, yet, despite a few calls for caution on total reliance on machine intelligence, there was scarce mention of initiatives underway to regulate AI, on which the UK and Europe lead the conversations. It is maybe just a question of timing, as one regulator suggested, but I couldn’t help but notice the gap.

Why do these topics matter to us at Reseo? Because they touch on the core of our mission, which is to blend technology and investor-centric services to ensure continued financial trust while future-proofing the investment management industry for the digital generation. And for that to happen, we definitely need the industry and the regulators to see eye-to-eye.

Let’s hope for more and continued constructive debates in the course of this year.

And here’s to an encouraging start of the year for the industry.

PS – Please send me your favourite industry jargon, at psrahari@reseo.global. I will happily include it in my upcoming article.

 

 

[1] Industry jargon … this could be the topic of a full article in the future …

[2] ESG: Environmental, Social & Governance

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