Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:What Are Voya and William Blair's IM Chiefs Focused On? Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 06, 2021

What Are Voya and William Blair's IM Chiefs Focused On?

Reported by Neil Anderson, Managing Editor

"I almost view my job as becoming more like a McKinsey consultant."

Christine Hurtsellers
Voya Financial
CEO, Investment Management
So quipped Christine Hurtsellers, CEO of Voya Investment Management, earlier this afternoon during day one of the 2021 online ICI GMM. Hurtsellers was one of three speakers in a general session, entitled "Facing the Future: Leadership Perspectives." The session also featured moderator Yie-Hsin Hung, CEO of New York Life Investment Management (NYLIM), and fellow speaker Stephanie Braming, global head of investment management at William Blair & Company.

Looking ahead, Hurtsellers described the industry's biggest challenge as continuing consolidation, and more specifically how that consolidation ups the game on what is considered "table stakes" to compete in the industry. Braming, in contrast, talked about increasing expectations (from advisors, clients, consultants, employees, regulators, and others) "to do more faster."

On the flip side, when it comes to future opportunities, all three speakers point to diversity and inclusion efforts as one area for firms to shine.

"That's going to be a great success story for the asset managers that get that right," Hurtsellers said.

Hung urged Braming and Hurtsellers to talk about their "strategy has shifted over the past year," in light of the ongoing COVID-19 pandemic and its effects.

"It is an intersting time to be thinking about our strategic plan for the future," Braming said, noting that the William Blair team initiated that process back in 2019. "Our plan hasn't changed in terms of our key goals."

Braming highlighted two key goals in particular: being able to "attract and retain the best and the brightest individuals" and beefing up distribution.

"Human capital is our most precious asset," Braming said.

As for Voya IM, Hurtsellers said that there are several things she's "hyperfocused on."

"Continuing to grow our private market capability," Hurtsellers listed as one such focus. Another was "amplifying [Voya IM's] culture along the lines of ESG."

"It makes great strategic sense," Hurtsellers said of private markets. "All of us are seeing the multiples ... But, it isn't the easiest thing to pivot from the public markets to the private."

The trio also discussed the effects of the heavily WFH world in light of the coronavirus pandemic.

"One of the unexpected benefits has been the democratization of voices in some of our largest team meetings," Braming said. "Being entirely virtual has allowed more voices to be heard, just naturally."

Hurtsellers agreed, though she sounds a noted of caution.

"The democratization of the Zoom voices could look very different once people start going back to the office," Hurtsellers said. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use