What does the industry think? 12 September

Added 12th September 2016

In a new weekly feature, FSA finds the only executives in Asia willing to go on record and comment on key investment issues. This week: fintech disruption.

What does the industry think? 12 September

Analysts are warning that fintech will be a disruptor of the wealth and asset management industry, yet according to a recent study banks and fund houses are far behind in adoption of innovative technology.






“As soon as these fintech disruptors are regulated like everyone else they will no longer be referred to as disruptors.”

Robert Ruderschmidt, portfolio manager, Overflowing Alpha Asset Management








“Robo-advisers will never catch on. If a client’s portfolio takes big losses I can say that idiosyncratic risk became material and created temporary market irregularities. Imagine a message like that from a robo-adviser.”

Louie Zheng, head of discretionary mandates, Global Behemoth Private Bank






“I don’t want to bother compliance with another request for comment, so let’s make it easier for both of us and throw it into the declined bucket."

Fanny Leung, corporate communications, Absolute Zero Risk Investment Management (AZRIM)








“I question the validity of the study because it avoided the obligatory mention of Uber and Airbnb in the same breath as fintech.”

Francis Dufort-Boucher, head of global distribution, Snappy Asset Management




“As a leading global asset manager with over 100 professionals operating in more than 10 countries, and with multiple award-winning funds, we remain fully committed to delivering more financial technology innovation that will further enable our future and current investors to achieve their desired results.”

Shelley Sim, head of marketing in APAC, SmoothTalk Fund Management Group



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