The true essence of TPA is aligning the investment process of
– the asset owner,
– the governance parameters and structure,
– the asset allocation framework, and
– the implementation of products
to deliver a fully aligned investment solution.
Just completed 40 hours of intense discussions with the perspectives of all these stakeholders in the same room along with senior managers from ICBC from across China.
Thank you to my guests Jayesh Bhansali former executive of the $1.5tn TIAA retirement and insurance platform, Xiaochen Wang from the $300bn New York State Pension Fund and Albert Tse from Amundi, the $2.4tn global asset manager.
Together, we discussed some of the most challenging issues in designing and implementing TPA for the next generation of asset owner and asset manager alignment.
- Managing a Diversified Retirement Portfolio
- How can we use AI to integrate Public and Private asset risk?
- Creating Personalized and Customized Wealth Solutions
- The next generation model for Outsourced CIO
- Creating the Next Generation Asset & Wealth Manager
… and much more
TPA implementation will have a dramatic impact on the structure of asset allocation, asset manager product structures, asset owner investment processes and governance, evolving our current Sharpe-Markowitz MPT framework to a process which is aligned with asset owner objectives. And if the industry doesn’t change itself, there are players such as ICBC – large, sophisticated, cloud and digital native who will disrupt the ecosystem by providing an investment platform and service which is truly aligned with the asset owner – for institutions and individuals.