18May2024
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Has the turn of the year already taken place?

Disclaimer: The views and opinions expressed in the vapa Swiss independent wealth management blog posts featured on this page are solely my own and do not necessarily represent the views of any institutions or organisations I may be associated with. These posts are intended to share personal insights and perspectives and should not be interpreted as official statements or positions of any affiliated entities.

Historically, the turn of the year was habitually a symbolic “closing event”. One reorganised one’s workplace, cleaned up the email directories, sharpened all pencils, and new exciting projects were put in starting position. Matters of the previous year could be safely forgotten because they were completed just before uncorking the sparkling wine on New Year’s Eve.

After a challenging week in the office, I still have the feeling of being stuck in 2022. Too many tasks from last year still determine ordinary business life. You don’t have to be a prophet to predict this century holds other challenges for the financial services industry in store than what happened in 2022.

It takes a little understanding realising that we can only overcome these challenges together, based on mutual trust and the positive intention to serve the most important component in the financial services industry: the client who generously finances this industry.

Day-to-day business must once again move closer to the current date stamp. Not meeting key deadlines cannot become the modern norm and is very un-Swiss. Justifications, no matter how beautifully decorated, remain cheap excuses.

Source: LinkedIn

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Navigating the Turn of the Year: Challenges and Resolutions for the Financial Services Industry

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