Global Custodian Spring 2020 | Page 3

[ I N S I D E
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EDITORIAL
Managing Editor
JONATHAN WATKINS
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Deputy Editor
JOE PARSONS
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Special Projects Editor
RICHARD SCHWARTZ
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Subscriptions
ANA PERALTA
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Surveys
BEENISH HUSSAIN
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Head of Operations
KAREN DELAHOY
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Contibutors
CHARLES GUBERT, JAKE SAFANE, JOHN GUBERT
DESIGN & PRODUCTION
Head of Design
STEPHAN SLATER
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ADVERTISING
Advertising Director
DALJIT SOKHI
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MATT ALDRED
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V I E W
| W E L C O M E
M E S S A G E ]
With global presence,
comes global responsibility
I
t’s moments like this I really wish we were all still using old-fashioned type-writ-
ers. If we were, I’d have been able to dramatically tear my old editor’s letter from
the machine and scrunch it in frustration before launching it into the trash with
other discarded papers.
Instead I’m just proverbially scrapping my previously-finished editor’s letter with a
right click and delete - which I feel really lacks theatrical effect - but you get the idea, I’ve
had to start over.
Written at the start of March, my now superfluous note had spoken of all the exciting
things we had to look forward to in 2020, a follow-on from a champagne year of Global
Custodian marking its 30th anniversary with celebrations and special events. I highlight-
ed the excitement we had in launching our new ETF administration survey, fund domicile
report and multimedia initiatives (all which are still going ahead by the way). But this was
before the Coronavirus pandemic swept the world.
I’ve always marvelled at how Global Custodian’s magazine recipients hail from 128 dif-
ferent countries around the world. It gives me great pride to know that our work is being
read on that kind of scale and that we have such a reach.
As the world joins together in a rare show of unity in the fight against the virus, it re-
minds you how much of a rarity it is for something to bind us all, and makes you feel lucky
to work in a sector that’s global by nature and has a deep-rooted universal connection.
At its core, the securities services industry is interlinked through global networks.
Custodians, in particular, rely on connections from all corners of the world to help them
best serve their clients, creating a web of networks and relationships that often start as
business deals before often turning into a personal camaraderie, or vice-versa.
We attend conferences such as Sibos which moves from continent to continent to the
home of a range of organisations with each passing year. We adhere to global standards,
regulations and are members of worldwide associations. The global nature of the business
might seem like a necessity, but in times like this you can also step back and consider it a
privilege.
Countries may have closed their borders, but we’ve still been able to learn from each
other during this period, share in our respective isolation stories and even have a laugh at
videos of Italians playing tennis across from each other’s flats – YouTube it if you haven’t
seen it. Zoom, Teams and Skype are keeping us connected in place of networking events
and I’m increasingly finding we’re getting to know more about each other than ever be-
fore as we share personal anecdotes along with business updates.
No matter where you are in the world, please don’t hesitate to get in touch if there’s
anything we can help with. If you’ve got some thoughts you want to share then we will
publish your views. We’ll be flexible on survey deadlines where possible and we can
distribute content to you in a number of formats. If you want to give your team a wider
access to our website then we can work with you on a plan either in the interim or long-
term, and finally we are making a digital version of this edition free-to-read to our entire
audience as a one-off to start the year.
Use us as a forum, a sounding board and above all else, a central point for interacting
with this securities services community which epitomises global unity at a time when the
concept is needed more than any other during our lifetime.
We also wish you the best of health through this
period. And when this is all over we hope to see
you all at one of our packed-out Global Custodian
awards dinners in the second half of the year, it’ll be
Jonathan Watkins
a celebration like no other. At least that’s one mes-
Editor
sage I managed to rescue from my original letter.
Global Custodian
Spring 2020
globalcustodian.com
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