Asset Management Gains Traction at CIFRAMI 2017By Victoria Wills
Copperleaf attended the CIFRAMI event in Paris last week, and we were pleased to note that the best things in Paris haven’t changed since our last visit (read: the pastries!). The French asset management institute’s keynote conference, however, has seen a spectacular evolution since its launch four years ago.
This year, the event attracted nearly 100 asset management professionals from different industries across francophone countries worldwide—about a 50% increase in attendance from previous years. This was also the first two-day conference, which allowed more time for fascinating sessions and productive networking.
One highlight of the increasingly international conference was a facilitated panel of ISO 55000 experts from the UK, Japan, Canada, the Netherlands and France, including our own Boudewijn Neijens. Panelists discussed the growth of asset management awareness in their countries, and the ways in which regulation has influenced these changes. Copperleaf has certainly observed that regulatory pressure can be a strong motivator for asset-intensive organisations, and we have seen considerable innovation in the sectors and regions with the most demanding regulators—from electricity in Ontario to gas in California to water in the UK.
Engagement was high at this year’s conference, and we especially enjoyed an interactive exercise where attendees could anonymously evaluate their own organisation’s asset management maturity, and compare it to that of other organisations represented at the conference. The results indicated a strong desire and willingness to apply the principles of ISO 55000, but some concern about where to start and how to proceed. In short, we have seen the French market move from the question of why do asset management to a question of how—a great achievement for the sector and a development that we will certainly continue to watch over the years to come.