Objects in the mirror are closer than they appear - week 1 musings
23 April 2015
Brad Bailey
I just wanted to send out an inaugural blog post after finishing my first week at Celent. In my previous role, I was a voracious consumer of research across the Capital Markets. I enjoyed Celent’s research, and my interaction with the team. So here I am, ready to go! I am joining the Securities and Investment practice at a fascinating time: the great meltdown of 2007-09 is in the rear view mirror, but at the same time, it appears in the driver’s side mirror with the warning OBJECTS IN THE MIRROR ARE CLOSER THAN THEY APPEAR. The FS vertical continues to digest the legal, regulatory, operational, liquidity, capital, and technological implications; the shock waves, though dampened, still resonate. From the vantage point of my twenty years in the front-office, technology has been the nexus - an enabler of human imagination and market structure change. However, the convergence of good regulation, deep understanding of market-micro structure, balancing competing incentives, and desire to go beyond the status-quo (if necessary) is always the solution to an effective marketplace. Looking back is fun, educational, and tells a story (albeit a different story to different constituents). The challenge, of course, is the future. We want to look forward – where are the Capital Markets going. Which technology? Which systems? Which regulation? Which market structure? To that end, referencing a piece that appeared earlier this week in the WSJ Behind Ginni Rometty’s Plan to Reboot IBM. IBM has been strategically reinventing itself, shedding underperforming low margin businesses and aggressively growing into the future. The direction of Big Blue in many ways sets the agenda for a technology advisory in FS: Artificial Intelligence, Cloud Services, Apps, Cyber-Security and Personalized Platforms. These are top-of-mind in in the Capital Markets-across all asset classes. I look forward to working together to identify, explore, define, and help explain these trends. Please reach out to me with questions or comments at bbailey@celent.com Follow me on twitter @bradjaybailey Please join my Market Structure LinkedIn Group