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AI, Blockchain, Big Data: the winning trio transforming wealth management

Never send a human to do a machine’s job”, predicted Agent Smith in The Matrix in 1999. Today, technological advances have definitively entered the world of finance, to the benefit of the customer. What is the impact of Artificial Intelligence, Blockchain and Big Data on how portfolio managers approach personalised services, data security and investment decisions? Answers in five questions.

 

Interview with Laurent Pellet
Limited Partner and Global Head of EAM, Bank Lombard Odier & Cie SA 

 

How do you see the role of artificial intelligence in portfolio management evolving?

Artificial intelligence is opening up fascinating new prospects for EAMs. It is not just limited to optimising investments, but can also personalise investment strategies for each client. Imagine unparalleled predictive analytics capability, a keen understanding of individual client needs, all enabled by a virtual team of financial and analytical experts, working behind the scenes to deliver accurate and timely advice.

 

These technological advances also seem to be having an impact on the client experience. Can you expand on this point?

AI enables personalisation on an unprecedented scale. It goes far beyond simple, standardised recommendations by understanding the nuances of each individual's preferences, risk tolerance and specific financial aspirations. This translates into investment strategies tailored to meet each client's unique needs and objectives.

 

How is blockchain technology reshaping portfolio management?

Blockchain offers an unrivalled architecture of trust. It ensures data security and simplifies financial transactions, guaranteeing total transparency throughout the process. It's comparable to a security shield for the most sensitive data, while making exchanges and financial operations smoother and faster.

 

As for Big Data, how are these huge volumes of data transforming the way portfolio managers operate?

Big Data represents a goldmine of information. It provides a real-time view of market trends and emerging opportunities. By harnessing it, EAMs can navigate a complex financial environment with agility, making informed decisions and executing precise strategies in record time.

 

In conclusion, how do you see the future of EAMs in light of all these technological advances?

The future undeniably lies in the adoption and integration of these technologies. This will enable them to provide more efficient, more secure and, above all, more tailored services. It's no longer a question of choice, but of necessity if we are to remain competitive and relevant in this constantly evolving digital age.

 

 

Biography

Laurent Pellet joined Lombard Odier in June 2017. He assumed responsibility for the Group’s External Asset Managers department in 2018.

His career began with Ferrier Lullin, where he held various positions for more than 15 years, including Head of Credit and Risk, and subsequently Head of the External Asset Managers department in 1997. In 2006, he joined Julius Baer to lead their External Asset Managers business for the French-speaking part of Switzerland and Western Europe. In 2012, his responsibilities were extended to cover Monaco and the Middle East.

Laurent Pellet is a graduate in Credit and Risk Management and in Quantitative Portfolio Management from the University of Geneva. He also holds a Diploma in Digital Finance Law from the University of Geneva and the ‘International Certificate of Private Banking and Wealth Management Retreat’ from the Swiss Finance Institute. He is a Certified Wealth Management Advisor (CWMA).