The spread of the novel coronavirus (Covid-19) has dominated headlines, and while questions about the ultimate scope and severity of the outbreak remain, the asset management industry will clearly be impacted. What are the conversations that managers and investors should have within their own organizations, and with their partners and suppliers? What can all firms in our industry do to safeguard their employees and their businesses?
1. Protect the Team
2. Ensure Appropriate Policies are in Place
3. Consider Travel Restrictions
4. Make Sure Virtual Communications are Working
While the above might appear common sense, it is worth ensuring that, from a governance and HR perspective, businesses follow these standard practices. Investors will focus on the policies in place within their own organizations and may also discuss steps put in place by their asset managers.
Above all, though, coronavirus is not a time for "gotcha" ODD. Rather, this is a time when everyone in the asset management community can collaborate to share ideas and best practices. Working together, we can help protect our colleagues and their families, and support our businesses across the industry.
Castle Hall Diligence.
1080 Côte du Beaver Hall, Suite 904
Canada, H2Z 1S8
84 Chain Lake Drive, Suite 501
Canada, B3S 1A2
1 Pancras Square, Kings Cross
London, N1C 4AG
+44 20 3036 0828
Ground Floor, Three E-com Center
Mall of Asia Complex
Pasay City, Metro Manila
Floor No.15 Al Sarab Tower,
Al Maryah Island, Abu Dhabi, UAE
Tel: +971 (2) 694 8510
Level 36 Governor Phillip Tower
1 Farrer Place Sydney 2000
+61 (2) 8823 3370