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Digital Wealth Asia Forum 2019 HK - Exclusive Insights - Damien Mooney

Damien Mooney of BlackRock

Nov 29, 2019

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1. Digital transformation remains high on the agenda for financial institutions – but are we moving quickly enough?

Video transcript

1. Digital transformation remains high on the agenda for financial institutions – but are we moving quickly enough?

Digital transformation, well, it's a real buzzword, but I think if we are to just take a step back and we look at the traditional wealth and the industry, obviously it's a general observation, but the vast majority of the leaders in this industry do not have strong digital or technology backgrounds, so they're relying on, perhaps, committees or smaller groups within their firms to be, quote-on-quote, the part of the transformation. But really to embrace transformation, you need to have people who really understand the profound implications that technology is already having on the broader world. And it's coming and has come to our industry.

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