Future of Finance: Are Global Trends Applicable for Slovenia? June 2017

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Ethan Clark
5 years ago
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1 Future of Finance: Are Global Trends Applicable for Slovenia June 2017

2 SCENARIOS TOOLS TO EVALUATE INDUSTRY CHANGES PARALLEL WORLDS LOWER FOR LONGER PURPOSEFUL CAPITALISM Passive trend continues Robo-advisers grow Margin compression Active opportunities limited Customization reigns Workforce declines Different segments engage in society differently A higher baseline for financial services participation with wider dispersion Product preferences for personalization, simplicity and speed Low interest rates and returns become embedded for the foreseeable future (5-10 years) Lower levels of global growth and higher levels of political instability Pressure on asset management fees and margins The investment industry raises its game with more professional, ethical and client-centric organizations Institutions act with alignment-topurpose, lower costs, and greater efficiency Asset owner collaboration and Regulatory monitoring Reputational risk Asset owner insourcing influence Uncertain geopolitics Slowing institutional flows into Greater transparency Government influence decreases pension funds War for talent Corporate influence increases Courageous leadership needed Culture as a differentiator Next generation demands Women more influential Innovation Asset owners renegotiate terms with beneficiaries New types of client relationships Stewardship focus 1

3 SCENARIOS CROSS-OFF AND CHECK LIST PARALLEL WORLDS LOWER FOR LONGER PURPOSEFUL CAPITALISM Passive trend continues Different segments engage in society differently Robo-advisers grow A higher baseline for financial Margin compression services participation with wider Active opportunities limited dispersion Customization reigns Product preferences for Workforce declines personalization, simplicity and speed Regulatory monitoring Reputational risk Uncertain geopolitics Low interest rates and returns become embedded for the foreseeable future (5-10 years) Lower levels of global growth and higher levels of political instability Pressure on asset management fees and margins Asset owner insourcing Slowing institutional flows into The investment industry raises its game with more professional, ethical and client-centric organizations Institutions act with alignment-topurpose, lower costs, and greater efficiency Asset owner collaboration and influence Greater transparency Government influence decreases Corporate influence increases Next generation demands Women more influential Innovation pension funds Courageous leadership needed Asset owners renegotiate terms with beneficiaries New types of client relationships War for talent Culture as a differentiator Stewardship focus 2 2

opportunities limited Regulatory monitoring 2 EARLY DAYS IN

4 EVIDENCE I ROBO ADVISERS 1 ROBO GROWTH AND RESERVATIONS Passive trend continues Robo-advisers grow Margin compression Active opportunities limited Regulatory monitoring 2 EARLY DAYS IN SLOVENIA The questions is who moves first and what the services would be 3

EVIDENCE II PASSIVE TRENDS & ACTIVE OPPORTUNITIES 1 PASSIVE INVESTMENT INSTRUMENTS ARE ON THE RISE ALSO IN SLOVENIA Passive trend continues Robo-advisers grow Source: RIA Margin compression 2

5 EVIDENCE II PASSIVE TRENDS & ACTIVE OPPORTUNITIES 1 PASSIVE INVESTMENT INSTRUMENTS ARE ON THE RISE ALSO IN SLOVENIA Passive trend continues Robo-advisers grow Source: RIA Margin compression 2 ALTERNATIVE INVESTMENT MANDATES, ACTIVE OPPORTINITIES Active opportunities limited With the law on alternative investment management firms the segment is stating to develop Regulatory monitoring Activity focusing on commercial real estate, non-performing loans, credit strategies etc. ff 4

EVIDENCE III BLOCKCHAIN / CRYPTO PARALLEL WORLDS PARALLEL WORLDS 1 2 3 Different segments engage in society differently Uncertain geopolitics Next generation demands

It allows trading between USD currency and bitcoin cryptocurrency.

Later also expansion to the entire region is expected Funderbeam uses Bitcoin blockchain, utilizing a technology called colored coins.

6 EVIDENCE III BLOCKCHAIN / CRYPTO PARALLEL WORLDS PARALLEL WORLDS Different segments engage in society differently Uncertain geopolitics Next generation demands Innovation Bitstamp is a bitcoin exchange based in Luxembourg. As of 2016 it was the world's second largest by volume. It allows trading between USD currency and bitcoin cryptocurrency. It allows USD, EUR, bitcoin or Ripple deposits and withdrawals Funderbeam SEE platform will be accessible in Slovenia, Croatia and Serbia. Later also expansion to the entire region is expected Funderbeam uses Bitcoin blockchain, utilizing a technology called colored coins. Colored coins are pieces of Bitcoin, where metadata is embedded on top of that and is recorded in the blockchain. We call them tokens. Each token represent real world assets. On Funderbeam s platform, colored coins represent digital rights to an investment agreement between an investor and the syndicate (SPV) created to invest in a startup The Iconomi team has been working diligently to bring the first digital asset management platform to the world. ICONOMI funds are the perfect entrylevel financial instruments for new investors in the decentralised economy. With preselection of coins and spread of investments, ICONOMI funds promise low volatility with high profits startup 157,5 M USD cca 9 months 10,5 M USD 5

7 SCENARIOS BLENDING IT ALL PURPOSEFUL CAPITALISM LOWER FOR LONGER PARALLEL WORLDS 6

8 CONTACT Andraž Grahek Managing Partner, Capital Genetics

INVESTMENT FIRM OF THE FUTURE ALTERNATIVE BUSINESS MODELS AND STRATEGIES FOR A MORE FORWARD-THINKING INDUSTRY

INVESTMENT FIRM OF THE FUTURE ALTERNATIVE BUSINESS S AND STRATEGIES FOR A MORE FORWARD-THINKING INDUSTRY CFA Netherlands VBA 31 May 2018 Roger Urwin, Strategic Director, Future of Finance Global Head of