Tina Byles Williams Addresses Members of the Chinese Asset Management Association of Hong Kong

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Tina Byles Williams tackles the key trends impacting the revenue growth for asset managers.

We are proud to be speaking to the members of the Chinese Asset Management Association of Hong Kong - Tina Byles Williams

Tina Byles Williams, CEO and CIO of FIS Group, a manager of U.S. and global developed, emerging and frontier markets equity portfolio strategies, is speaking to members of the Chinese Asset Management Association of Hong Kong (HKCAMA) on the evolution of asset management, as well as the external pressures influencing revenue growth.

“We are proud to be speaking to the members of the Chinese Asset Management Association of Hong Kong on the external pressures rapidly transforming the asset management industry for the long-term” said Tina Byles Williams. "The world has fundamentally changed for both investors and their advisors. The change will continue to challenge the investment management industry.”

According to Tina Byles Williams, there are five key pressures that will impact the profitability and growth of asset managers:

  • Shifting demographics: The increasing number of employees retiring will force pension funds and other retirement savings vehicles to de-risk and shift from accumulation strategies to income provision.
  • Rising interest rates: Higher risk-free rates will make substitute fixed-interest savings vehicles—such as deposits and annuities—more attractive.
  • Outcome based investing: Investors will need strategies that align against a desired outcome rather than an index. Actively managed strategies will comprise the majority of demand for the foreseeable future, fueled by a transition from beta-plus, low-tracking-error products to less constrained, multifactor approaches.
  • Shifting to a service model: Organic growth in the institutional marketplace now pools around fiduciary management, outsourced chief investment officer portfolios, risk overlays and other value-added services where asset managers engage in more customized technical conversations with clients.
  • Technology: Advances in technology allow asset managers to directly distribute investment advice and products, as well as improve customer experience which is critical for client retention in a more service oriented industry.

As these challenges come up, technology and data analytics will play a crucial role in the solution. Asset managers that best harness data-driven and analytical tools will likely be at an advantage over the next few years as they will be positioned to more accurately and cost-effectively target likely buyers.

Prior to founding FIS Group, Tina Byles Williams served as Chief Investment Officer for the Philadelphia Gas Works Funds from 1988 to 1991, establishing one of the earliest programs focused on emerging minority-owned investment firms. She also served as the first Chief Investment Officer for the Philadelphia Board of Pensions from 1991 to 1994.

As a leading “manager-of-managers,” FIS Group offers a wide range of global equity products, which span developed markets as well as emerging and frontier markets. FIS Group has grown to over 24 associates, with offices in Philadelphia, Chicago, and San Francisco.

About FIS Group

FIS Group is an investment management firm that provides customized manager of managers investment solutions for institutional investors. For 20 years, we have delivered risk-adjusted returns by conquering the complexity of identifying high skill, high active share entrepreneurial managers that have gone largely undiscovered by the institutional investor community. Unique among our peers, FIS Group enhances risk-adjusted returns by using macro strategy insights to allocate capital among the managers and/or through a global macro tactical completion strategy. Our culture is a fusion of relentless curiosity and a scientific, disciplined process.

For more information please visit us at http://www.fisgroup.com.

About Tina Byles Williams

Ms. Tina Byles Williams is the CEO, CIO and founder of FIS Group. She serves as chair of the firm's Investment Committee and oversees all investment strategy, manager search, and disposition decisions. She is lead portfolio manager for the firm and a voting member of the Investment Committee. Ms. Byles Williams has been involved in structuring entrepreneurial manager programs since the early 1980s. She served eight years with a number of Philadelphia public pension systems, including as CIO of the City of Philadelphia Board of Pensions. Ms. Byles Williams serves on the boards of ICMA Retirement Corporation and the National Women’s Business Council, a federal advisory council created to serve as an independent source of advice to the President, Congress and U.S. Small Business Administration on economic issues of importance to women business owners. She is the former chair of the council's Research Committee. Ms. Williams is Partner at Caribbean Private Equity Partners – see http://www.caribfunds.com/#templatemo-about

Read more at http://www.fisgroup.com/Tina-Byles-Williams or review articles by Ms. Williams at http://www.fisgroup.com/research-news/research-commentary

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Siaolan Albigese

Tina Byles Williams
FIS Group
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