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ACSA Industry Wrap - August 2022

Sunday, 4 September 2022   (0 Comments)
Posted by: ACSA Admin

In this Issues

  • Introduction
  • LinkedIn hits 1000 followers
  • Success - Members Event
  • ACSA’s Next Generation
  • ACSA Thought Leadership Series Webinar
  • ISSA – Shaping corporate action processes
  • In Focus– Maggie Chang

Introduction

August saw ACSA engage in person with the next generation of members, a networking event with all members at HSBC in Sydney for the first time in over 2 years, and lunch with the country heads of the Executive Board. We also ran another successful industry webinar as part of the ACSA Thought Leadership Series on “Digital Assets: What does it mean?”

This month’s Industry Wrap covers plenty including:

  • ACSA’s LinkedIn page hits 1,000 followers – get your colleagues involved
  • Success - Sydney Member Event
  • ACSA’s Next Generation of Industry Leaders
  • ACSA Thought Leadership Series webinar
  • Global Insight – ISSA Shaping Corporate Action Processes
  • In Focus with Maggie Chang

 

Click the logos below to follow us on LinkedIn or sign up to the ASCA Website.

ACSA’s LinkedIn 1,000 followers

ACSA reached a new milestone of LinkedIn followers in August. We now have 1,000 followers and rising.

LinkedIn plays an important part in ACSA’s strategy, keeping members and the market updated on news, information, and events. We encourage all members to get their teams and colleagues to follow ACSA on LinkedIn to keep up to date with the industry.

ACSA Sydney Members Event

It was great to have our first member networking event in Sydney on August 16. The event was well attended to hear about ACSA’s achievements so far in 2022 and for us to finally issue our 2021 Industry Award winners with their trophies. It was also a great opportunity to recognise the contribution of Rob Brown, the inaugural CEO of ACSA.

Those in attendance also heard from Fiona Reynolds, CEO Conexus Financial on current dynamics in the superannuation industry and the role it plays in shaping Australia on its journey towards ethical and sustainable investment.

We have already started planning for an event in Melbourne on October 20.

Check out some photos from the Sydney member’s event

   

ACSA’s next generation of industry leaders

ACSA recently hosted 20 of the custody industries next generation of leaders for a “lunch and learn” session, held at JP Morgan. The participants shared their stories as to how and why they joined the industry, what they like about the industry and how ACSA can better support career pathways and career development in the industry.

The next step is to survey the participants on their desire to continue to form a next generation working group and encourage them to contribute to how we may future proof the roles and responsibilities across custody and fund services together with raising the profile of the industry. 

If you have ~5 years’ work experience in custody and fund services and are interested in having a say and voicing your opinion on direction of the industry, please speak to your member representative on how you can be part of the next generation working group.

ACSA Thought Leadership Series webinar

ACSA hosted the next edition of its ACSA Thought Leadership Series on August 23 and welcomed Laszlo Peter, Partner and CEO of KPMG Origins. Laszlo is an industry leader in enabling the transition to Industry 4.0. Laszlo provided some insights into the crypto and DLT landscapes plus an overview on the future of digital assets.

The webinar included insights on global trends, innovation, and emerging technologies which custodians, securities markets and beyond need to react and address for inevitable market changes, both current and future.

ACSA’s focus on bringing relevant and interesting topics and speakers to our members will continue with further ACSA Thought Leadership Series webinars.

Global Insight – ISSA shaping corporate action processes

ISSA has released a podcast with Barney Nelson of The Value Exchange speaking to S&P Global Market Intelligence and ISSA about the target operating model for corporate actions. Following the release of the ”Reimagining Corporate Actions” global research key findings, this discussion brings together Madhukar Ramu (of S&P Global Market Intelligence), Dan Thieke and Stephen Ridley (both representing ISSA) to dig into the key factors at play in shaping the right operating model for your back office today.

Read more about the podcast and listen in here.

In Focus - Maggie Chang


Maggie Chang is a Securities Services Sales Manager at Citi Australia. Her area of focus is sales origination where she brings operational solutions to financial institutions such as asset owners, asset managers and wealth platforms.

After completing a double degree at UNSW, Maggie began her career in operations working at BNP Paribas, Mainstream Fund Services, and Russell Investments. Having worked on the buy and sell side, Maggie aspires to pave new ways to address her clients’ needs.

During her free time, Maggie enjoys taking her dogs on a walk, discovering new restaurants, and planning her next holiday.

You recently participated in the ACSA next generation leaders’ event; how would you like to see ACSA engaging those new to the industry? 

It was very encouraging to see ACSA acknowledging those new to the industry. We had a very interactive session where the next generation’s voices were heard by the industry’s leaders. These events showcase how welcoming, inclusive, and supportive our industry can be, celebrating the value that new ideas and ways of thinking can add.

Connection, collaboration, and mentorship are important as this new generation of leaders emerges. Ways ACSA could further engage new industry participants include:

1. Inter-organisational mentorship programs - Prioritising meaningful growth and development is essential. Connecting industry colleagues from different organisations and different levels provides new opportunities to collaborate and problem solve. It gives young up-and-comers the opportunity to learn from industry veterans and provides senior leaders insight into what the next generation is prioritising. This two-way knowledge sharing, and mentorship is critical for the future of our industry, fostering career-long learning and ensuring a positive culture.

2. Networking and Educational events - Covid has made it difficult for those new to the industry, especially when building a professional network. In-person networking and educational events allow newcomers to meet others in the industry, understand current industry trends, and create a sense of belonging, something which has been missing for the past few years.

3. Creating a space for young talent – ACSA is an inclusive industry association that embraces new ideas. The Next Generation Leaders Event helped to promote this culture and provided a platform for young talents to voice their opinions on the direction of the industry. As an emerging professional, I hope to see more initiatives like this in the future.

Tell us about your career in asset servicing / financial services? What lead you get involved in the custody industry?

Upon graduating from UNSW, I was looking for the right opportunity in finance and, like many, I stumbled upon the securities services industry. In my career, I have held roles in operations, worked at custodians, administrators, and fund managers. Now, I work in a sales role in the Securities Services team at Citi. Having been on the client side, I understand and can anticipate common pain points, ensuring we design fit-for-purpose solutions and act as a true partner.

Why should people connect and engage in ACSA?

ACSA is an industry association not only for senior management but everyone in the industry. With ACSA, you can expand your industry knowledge and connect with experts at all levels and in all areas of asset servicing.

Having a strong network is extremely important and ACSA provides an opportunity to connect with a diverse group of industry participants, spanning gender, culture, background, and experience. This diversity of thought can only strengthen our industry and through our next generation’s network, it’s great to see this shining through. 


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