BST European Summit 2015: Business strategy must embrace tech to compete, says C-level panel
Buy-side firms' incumbent business strategies must adapt to leverage the benefits of available technologies in order to optimize competitiveness, according to a C-Level executive panel at the Buy-Side Technology European Summit on May 19.
The inflexibility of traditional business strategies within a "conservative, cottaged industry," can leave firms "chasing technology," said Paul Stevens, former chief investment officer (CIO) at London-based Legal & General Investment Management.
Stevens believes that the role of the CIO and IT group within capital markets firms is to convince their organizations of the potential impact of technology and "shape business strategies to embrace technologies like cloud and the impact of regulation
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