From upscale department store Neiman Marcus to organic grocer Whole Foods, major luxury retailers and grocery chains are playing musical chairs in C-suites and boardrooms as they streamline management and change creative roles amid declining in-store sales.
Auditors may have suffered a reputational crisis in the wake of recent corporate financial scandals; but using artificial intelligence and data analytics, the profession hopes to reinvent itself.
Major international organizations classify countries by different factors. One criterion that is often used is gross national income (GNI) per capita – the dollar value of a country’s final income in a year, divided by its population
Global Custody Buyer’s Guide 16th Annual Buyer’s Guide
Wafer-thin margins, unrelenting competition and ever increasing demands from clients are themes that recur year after year in the custody industry. So much consolidation has taken place over the past decade and service providers have expanded their product offerings so dramatically that pure custody is now only a relatively small part of the global custodian’s business. The large global players, which together manage assets in excess of $40 trillion, now dominate an industry whose remit has expanded to the point where it now has a role in almost all areas of corporate finance. In what is truly an example of the survival of the fittest, the players that now consider themselves true global custodians are those that fought the hardest to ensure they remained at the cutting edge of technological developments. The range of services they can now provide, enabled by technology, is remarkable. In positioning themselves as asset servicing companies they are oiling the wheels of global commerce, providing corporations with the capabilities to efficiently manage money and assets around the world. Just as importantly, they are enhancing companies’ ability to track their assets and to employ them efficiently.