No one doubts the importance of the Chinese economy in determining the shape and scale of the global economic outlook. China has been a major contributor to global GDP growth over the past decade or so. It is a top commodity demander and commodity importer. It is home to some of the world’s biggest banks and money market funds and it is also an important real asset investor in many economies. So, where do we stand at a time when the global economic outlook is uncertain as it tries to come out of the COVID-induced recession? Can we expect a bounce-back in GDP growth for most of the major economies in 2021 as many of the leading forecasters such as the IMF and OECD believe, or are we stuck in what has been called ‘secular stagnation’ i.e. low growth, low inflation, and declining investment?
Never let a good crisis go to waste. The famous Winston Churchill adage has been apposite for businesses across the board, not least the founders of Monzo, Starling and Atom, who seized on the fallout of the 2008 financial crash to reimagine what banking could look like in the digital age. A decade on, things aren’t so rosy for the challenger banks as they face their own reckoning on the back of an economic downturn.
Founded by Tim Turner nearly 25 years ago, Summit A*R (Summit Account Resolution) is a full-service accounts receivable management company headquartered in a suburb of Minneapolis, Minnesota. Having done similar work for other companies, Tim felt the industry needed a different approach and that he could create a team that would believe in this vision.
We speak with one of the four Co-founders and the Chief Executive of Maveric Systems – Ranga Reddy. Since its inception in 2000, Maveric has been helping global banking and FinTech leaders accelerate transformation initiatives through effective integration of domain, technology, future-ready strategy and high-velocity execution. The company’s core promise of Accelerate Next helps its customers navigate a rapidly changing environment, through conscious contextualisation, comprehensive competencies and core commitment.
Mark Fricks founded MasterPlan Retirement Consultants 11 years ago. He built the company after a realisation that the industry has gotten it backwards. Most financial advisers, agents and brokers sell products (mutual funds, stocks and bonds, ETFs, annuities, life insurance, etc.) and instead of pouncing on a client with a product as soon as they walk in the door, there first needs to be a plan, a blueprint, or as he likes to call it - a “retirement roadmap”. Would you build a house without a blueprint? Would you go out and purchase doors and windows without first knowing how they will fit into your perceived home?
We speak with Colleen Gillam–Judd, an investment adviser with Servus Wealth Strategies in Red Deer Alberta. Colleen started her career as an investment adviser 13 years ago and has been a Certified Financial Planner for 10 years. Servus Wealth Strategies is a cooperative credit union in Canada that focuses on holistic financial planning and Colleen’s role within the company is to create and implement a fully integrated financial plan, which includes all aspects of the client’s investment management.
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