Heidrick & Struggles: Improving Connectivity & Profitability by Rethinking One Key Role
Successful asset management firms today are those that can continuously innovate in response to shifting and globalizing industry dynamics. Client preferences are ever-evolving, specifically in terms of an increased preference for digital interaction and demand for more comprehensive solutions rather than standalone offerings. Additionally, firms must factor in the continual effects of new entrants and disruption, not to mention the external influences of recent global crises and economic volatility.
Heidrick & Struggles research has shown that companies accelerate their performance when they mobilize, execute, and transform with agility. Rethinking the focus and structure of the chief product officer role will help asset management firms better connect with customers, innovate more effectively, and operate more nimbly.
The article outlines the following:
- Getting to the heart of effective execution in asset management
- Elevating the chief product officer in asset management
- Defining the CPO role
- Restructuring the team