Corporate Advisory For Financial Services
The period after the Banking Royal Commission is a crucial time in Australian Financial Services.
This is especially true for Wealth Management where valuations of these businesses have plummeted and significant change must occur. Business and operating models which have existed for decades, such as vertical integration with banks, need to evolve rapidly in this new environment. As well as the “disruptive meta” facing the financial services industry there are significant global forces impacting financial services in the medium term:
- Increasing automation enabled by AI and data
- Increasing global cross border trading, clearing and settlement in financial markets
We believe that in this time of significant change smart businesses will reassess their
position and renew their business model. This period presents a unique opportunity
to address systemic patterns in operations, business processes and technology, enabling businesses to move to required levels of higher integrity and lower risk as well as open up new growth opportunities. Greater efficiency in processes and technology can significantly offset the cost of this transition. Achieving this is easier said than done and requires expert assistance.