In this issue

Introduction

• Season’s greeting from the Chair
• 2022 ACSA Awards
• 2022 - a year in review
• ACSA Thought Leadership Series
• 2022 ACSA Statistics
• In Focus – Jake Lawson
  
  

Introduction

Welcome to the final Industry Wrap for 2022.

This month’s holiday edition of the Industry Wrap covers plenty including:

• Season’s greetings from the Chair
• 2022 ACSA Awards
• 2022 – a year in review
• ACSA Thought Leadership Series
• 2022 ACSA statistics
• In Focus with Jake Lawson

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Season's greetings from the Chair

Welcome to the November + December Industry Wrap.

We arrive at the 2022 holiday season after another year challenged by the fallout from COVID19, a year when we navigated a change in government and continued to evolve the ways we work and live. ACSA has continued to work collaboratively across the industry to deliver value to our people and clients whilst taking on a constant regulatory agenda.

My second year as ACSA chair has delivered further success for ACSA as the executive has been able to work effectively to give effect to ACSA’s strategy and extend our industry connections with new members and working groups/task forces focused on Digital Assets and Managed Funds

My thanks go to the executive directors and David Travers, CEO of ACSA, the working group and taskforce chairs and working group and taskforce members for your commitment and drive to ensure the industry continues to manage through change and take regulatory initiatives head on for the benefit of our member houses, our clients and our people. The efforts of so many on a volunteer basis is appreciated and makes a huge difference to our ability to get things done.

I wish you all the best for the holiday season and hope that you can take some time out to enjoy the break with family and friends. I look forward to continuing to work with you in 2023 on what is expected to be another year of opportunity for us to deliver on the ACSA mission.

Thank you again and best wishes.

Sally Surgeon
Chair, ACSA

“Our mission is to promote efficiency and international best practice for members, our clients and the market through a united voice for the custody and investment administration industry in Australia.”

ACSA Awards

Nominations are now open for ACSA Awards 2022

The ACSA Awards recognise outstanding individual contribution to the Association, wider industry and key stakeholders. For over 10 years these coveted Awards have showcased outstanding individuals and the value they bring to industry collaboration and focus on positive change.

Eligibility

Any person who makes a significant contribution to the industry and Association is eligible.

Nomination Process

Nominations should be made by completing the Nomination Form and return no later than 3 February 2023 via email to:

Kate Dent
ACSA Executive
admin@acsa.com.au

Nominations must include details of the individual’s specific contribution (see instructions regarding the citation).
Full details of the process and the Roll of Honour of past recipients can be viewed at 2022 Process.

Award Presentation

Recipients will be notified in February, and the Awards will be presented at ACSA’s first members event for 2023 on 7 March 2023 which will be held concurrently in Sydney and Melbourne.

Nominate someone here.

2022 - A year in review

ACSA maintained its priorities in 2022 in line with its mission to focus on efficiency and best practices across the custody and investment administration industry to support members and their clients.

ACSA introduced additional working groups and taskforces to maintain focus on a traditional industry challenge, through our new Managed Funds Working Group, and to maintain an eye on the future and the rapid emergence of digital and crypto assets, through the creation of our Digital Asset Taskforce.

In addition, 2022 saw a lot of interest from market participants in the contributions of ACSA and we saw Proxymity and Financial Risk Solutions join as Associate Members, whilst Clearstream moved from being an Associate Member to Full Member and was welcomed onto the ACSA Executive Board.

ACSA Thought Leadership series webinar

ACSA’s Thought Leadership Series continued in November with TCS discussing Developing New Operating Models– Cloud and Full Outsourcing

Tata Consulting Services (TCS), a global leader in IT services, consulting & business solutions with a large network of innovation & delivery centres.

If you missed the webinar, you can watch the recording here.

ACSA December 2023 Statistics

It’s time to collaborate on our industry’s statistics as at 31st December 2022. We look forward to receiving the updated statistics in early 2023. The statistics are important to our Association in helping to describe to stakeholders the metrics of our industry and thereby position our advocacy efforts.

For those providing the details on the statistics, please complete all tables in the template in full where applicable but leave blank if you are unable to supply the information. In the case of the latter, please include a comment regarding your omission. If there are significant changes from your previous June 2022 statistics, we would also appreciate if you could provide a commentary on the reason for these changes.

In Focus –Jake Lawson

Jake is Vice President, Manager of Australia Cash Management & Treasury Services at Northern Trust. In this role, Jake leads an operational team primarily responsible for cash and liquidity management across APAC currencies.

Prior to Northern Trust, Jake held various roles at NAB Asset Servicing in the operations division. This included 5 years managing the Debt & Equity Settlement team, responsible for client security trades across domestic and global markets and working on a variety of projects including market and regulatory changes and technology upgrades.

Jake holds a Bachelor of Commerce degree from Deakin University and is a member of the ACSA Operations Working Group.

Rapid fire five
Coffee or Tea? Coffee.
Tik Tok, Instagram or Facebook? Instagram.
Pop, Rock or Rap? Rock.
Cocktail or Wine? Red Wine - Mornington Pinot Noir, Barossa Shiraz and everything in between.
Summer or Winter? Summer. Bring on cricket season!

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

The ACSA Next Generation Leaders’ event was a great success, a wonderful opportunity to connect with like-minded individuals across the industry and share our ideas.

I have two simple ideas on how ACSA can engage those new to the industry:

Firstly, spread the word. The custody industry offers and supports so many different career paths. There is a wide variety of roles and career development opportunities and I believe it is still the best kept secret in financial services. Targeting those new to our firms, high school or university aged students, and even experienced professionals looking for a career change, will allow us to attract, develop and retain our talent for the benefit of the industry.

Secondly, providing a forum where those new to the industry can come together to share their experiences, discuss problems and opportunities, and jointly work on initiatives, will create a layer of engagement that is perhaps currently missing between the traditional ACSA working groups and individuals not currently involved.

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

Like many, I stumbled into custody as a fresh graduate looking for an exciting role. Fortunately, I landed in a great environment from day one, starting initially in an entry-level trade capture role and then finding opportunities to work on various projects, step into subject matter expert roles, lead individual teams and then ultimately manage a function.

My motivator has been to seek interesting and challenging work - usually by simply putting my hand up for an opportunity. That has led me to involvement in a few industry forums, committees and working groups and allowed me to engage deeper with the industry which has been very rewarding.

Why should people connect and engage in ACSA?

If you are reading this, odds are, you are already at least partially interested in what is happening across our industry. Involvement in the ACSA working groups, lunch and learn sessions or member events is the fast track to staying up to date with the developments and changes in custody. These forums provide an opportunity for you to have a say and make a difference in where our industry is headed, or simply enjoy a cold beverage and a laugh with a peer. Any level of engagement is encouraged.

I hope to see you all at the next ACSA event!