Crisis Aftershocks Compel Recalibrations at Advisors

May 31, 2010

BOSTON -- Boom and busts in the financial markets are nothing new. However, the landscape emerging in the aftermath of the crisis of 2008 is far different from anything asset management executives have seen before. Be nimble, be quick and be ready to answer to discerning investors-institutional and retail. "There have been four standard deviation events in the past 10 years, not least of which was the $15 trillion that was wiped out [in the Great Recession] and the $2 trillion deficit facing pension funds. Nevertheless, you've been there before," said Neeraj Sahai, Citi's Global Head of Securities and Fund Services, at NICSA's General Membership Meeting here on May 20.

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