A brave new world

For the financial services industry - the world is changing. There are providers who have disappeared, who, on re-examining their business strategy have concluded there is no place for them in the new world. The businesses that will survive need to ensure they re-engineer themselves to fit the new world. An example of this might be a fund manager who has given up on mass client administration and instead chooses to focus on fund management - thus leaving client administration and the retail distribution to the fund supermarkets. There is little doubt that there is considerable space in t...