"When you think about it, the world's leading edge companies invest in two things - technology and people. In both cases, the items are fully expensed, not capitalised, so they don't show up on the balance sheet. Our accounting system is a bit dated. It does not consider as investments the two things that are at the heart of strategy." - Jean Raby.
PHOTO: NATIXIS IM
THE asset management industry generally takes pride in innovation, mining new blends and permutations of asset classes and ways to eke out higher returns at lower risk.
But when it comes to harnessing technology to push the boundaries of the business - in terms of how funds are sold, for...