June 2015: Teaching Old Dogs New Tricks
Victor Anderson says firms need to bring in talent from other industries.
According to Martin Larsson, Deutsche Asset and Wealth Management's CTO for alternative investments, his organization recently appointed a CIO from the aerospace industry, while in Waters' April issue ─ the cyber security issue ─ we provided a number of examples of heads of security with law enforcement and defense industry backgrounds working at capital markets firms, illustrating the extent to which skills honed in one, apparently unconnected industry, are applicable to others.
Some might question the wisdom of appointing someone from outside the industry or organization, especially when it comes to mission-critical roles. But we need look no further than the world of professional sport to find an example of someone applying his "alien" knowledge and experience, and by so doing revolutionizing various aspects of the sport that he has just joined.
Team Sky's appointment of Tim Kerrison as the professional cycling team's head of athlete performance in 2009 paved the way for transforming the way riders prepared for races. Prior to starting with the team, Kerrison knew precious little about cycling ─ his background was in swimming ─ but Australians know a thing or two about producing world-class swimmers. Kerrison spent a great deal of time observing and questioning the current norms of the sport, before applying his knowledge about the preparation and physiological conditioning of swimmers, eschewing long-held beliefs that riders need to use low-key races as a way of training for the more important races later in the season.
Kerrison and Sky turned that model on its head, instead incorporating highly specific training regimes designed to mimic the rigors of racing, ensuring that the team and its riders had the best chances of success from the first race day of the season until the very last. Anecdotal evidence suggests that the training sessions are not for the faint-hearted, given their brutal nature, but only a fool would question their efficacy, given the team's phenomenal success.
Although some capital markets firms have, like Team Sky, been quick to embrace "foreign" practitioners and practices, our industry as a whole is still only scratching the surface of available talent, a scenario likely to change as operational and technology challenges continue to intensify.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
S&P debuts Spark Assist genAI copilot, draws up ‘Blueprints’ of combined datasets
S&P’s Kensho subsidiary has rolled out new emerging tech products leveraging AI to explore and combine the vendor’s wealth of datasets to solve common use cases.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
Verafin launches genAI copilot for fincrime investigators
Features include document summarization and improved research tools.
Waters Wrap: Open source and storm clouds on the horizon
Regulators and politicians in America and Europe are increasingly concerned about AI—and, by extension, open-source development. Anthony says there are real reasons for concern.
Waters Wavelength Podcast: Broadridge’s Joseph Lo on GPTs
Joseph Lo, head of enterprise platforms at Broadridge, joins the podcast to discuss AI tools.
Man Group CTO eyes ‘significant impact’ for genAI across the fund
Man Group’s Gary Collier discussed the potential merits of and use cases for generative AI across the business at an event in London hosted by Bloomberg.
BNY Mellon deploys Nvidia DGX SuperPOD, identifies hundreds of AI use cases
BNY Mellon says it is the first bank to deploy Nvidia’s AI datacenter infrastructure, as it joins an increasing number of Wall Street firms that are embracing AI technologies.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Nasdaq reshuffles tech divisions post-Adenza