Financial Services

The global financial services and insurance sectors have undergone major transformations in the last decade, particularly in the wake of the financial crisis.

The rapid advance of digital and mobile technologies has created a competitive marketplace not seen in the history of the industry. The pace of change is so fast, even regulators struggle to stay current. Fintech and Insurtech are disrupting traditional financial services and insurance companies. They have evolved from startups offering insurance, lending, and retail-payment services to large mainstream organizations, growing at breakneck speed.

Knowledge is power, and the industry is attempting to harness massive volumes of proprietary and third-party data through investment in analytics. Such tools will bring innovative products to market faster than ever. Keeping track of the global regulatory environment is no easy feat, and ensuring compliance consumes considerable resources.

C-suite leaders are challenged, whether it’s managing tighter capital and liquidity requirements or predicting the future of Dodd-Frank. Also, cyber-attacks are increasingly sophisticated, prompting greater attention by regulators and forcing stricter privacy legislation. The spectacular growth of digital technologies amplifies the need to stay one step ahead of highly determined cyber criminals.

The winners in the pursuit of customers’ share of wallet will be those organizations that are nimble and constantly challenge the status quo. At August Leadership, we approach each search by first understanding the problems that need to be solved. Then we recruit globally minded, progressive leaders who see change as constant and organizational transformation as business-as-usual.