SFE Member Update - May 2017

NEWS and RECENT EVENTS

Scottish Financial Services Awards – Nominations are now open for the Scottish Financial Services Awards 2017, sponsored by EY.  This year we have introduced an additional award recognising a rising star in the industry.  If you would like to nominate an organisation or individual for an award, further details are available at SFSA 2017

Scotland’s FinTech Future – across May and June The Scotsman will be exploring the opportunities and challenges for Scotland’s emerging FinTech sectorThe series will be kicking off with a Facebook Live interview with Graeme Jones on 17 May at 12.30pm and a Scotsman print supplement on 18 May.

Brodies/Sunday Times Brexit Briefing – Graeme Jones recently participated on a panel with Keith Brown MSP, Murdo Fraser MSP and the CityUK’s Anjalika Bardalai to discuss the impact of Brexit on financial services.  The event can be watched on Brodies’ website

New Members – A very warm welcome to Tilney, financial planning and investment firm, who have just joined SFE.

Business Fives - We are delighted to be supporting the Financial Services Heat for Business Fives. This is an excellent opportunity for team building with colleagues, networking with others in the industry, all whilst playing football and raising money for charity. Details of the summer heats are available on the Business Fives website.

SFE EVENTS COMING UP

SFE Annual Dinner and Awards 2017 – 26 October, Edinburgh, for more details and to book please visit annual dinner

SFE GROUPS & FORUMS ROUND-UP

FinTech Strategic Initiative - The structure of the group continues to evolve rapidly, to meet the demands of this fast-changing area. An additional monthly meeting at Ministerial level is now held with the Scottish Government, focussing purely on FinTech.

Considerable progress has been made towards securing a location for Scotland's first Global FinTech Hub. The FCA have also announced their support for Scottish FinTech by agreeing to hold surgeries in Edinburgh, Glasgow and beyond. The first surgery will be held on 8 June in Edinburgh.  The FCA have also agreed to discuss the creation of a dedicated 'Scottish sandbox' for R&D and prototyping. 

A permanent seat on the SFE FinTech Steering Committee has been allocated to the FCA and the next meeting of the group takes place on the 22nd of May.

In other FinTech news, Edinburgh has been listed as a FinTech hub by The Global Fintech Hub Federation for the first time, the first UK city outside of London to be included. The full report: Global FinTech

High Level Strategy Group  - Work developing an overarching strategy and vision for financial services in Scotland for the next five years is well underway. The strategy is action orientated, dynamic and is designed to be resilient. It will have tangible outputs, such as a prospectus for Scottish FS, and will aim to facilitate a step change in the narrative surrounding our industry.

Walk throughs of the findings so far, at the dedicated project room, are open to SFE members and we welcome your scrutiny and feedback.  If you would like to book a walk through, please contact Ben Walsh of PwC benjamin.j.walsh@pwc.com or Amy McDaid of LBG amy-louise.mcdaid@lloydsbanking.com, to arrange a mutually convenient time.

Business Schools Forum This group meets quarterly with the express purpose of broadening and deepening the relationship between business and academia; by identifying tangible joint initiatives we can undertake and brainstorming new ways of working more closely and productively together.

Thanks to this Forum, we now have four Universities directly engaged in supporting the work of the HLSG and their contributions have been first class, lending considerable weight to the project.

Further actions agreed at the April meeting include:

  • A joint business/SFE/University Eminent Speakers Programme.
  • An R&D type Hackathon, to be linked to a FinTech conference in the Autumn.
  • The creation of a joint venture FS Business/University 'matching platform' that will enable open or joint member research requests, to be matched to the best University placed to deal with them or for closed requests to be posted for the same purpose.

SFE Young Professionals – anyone in the early stages of their career in financial services should think about joining SFE Young Professionals.  Take a look at what they do on our website or make contact via linkedin       

HR Forum – The next HR Forum is taking place on Tuesday 13th June. If you would like to attend or add your name to the Forum contact list please email -  CMSEmployment.Team@cms-cmck.com

PA Forum –  Good to catch up on the 6 April when Graeme Jones updated the group on SFE’s initiatives and we discussed input to EFSCAC on Brexit and latest developments relating to a potential second independence referendum.  The next meeting is on 6 September.   Any members wishing to join the Public Affairs Forum should contact Elaine Ravenscroft for information.  eravenscroft@sfe.org.uk

Sector Policy Groups – our SPGs bring members together from the different sectors of our industry to discuss current issues. We have SPGs for asset management, professional services, and private client investment management. Each group has a co-ordinator from one of our professional services members. If you would like to join any of these groups, please contact the relevant SPG co-ordinator.

Website

SFE is always happy to promote events or news from members on its website so please contact Elaine Ravenscroft eravenscroft@sfe.org.uk if you have anything you’d like us to include.

To keep up-to-date with SFE news and events go to www.sfe.org.uk or follow us on twitter @ScotFinEnt