Refreshing the executive pipeline in banking by Stuart Hall
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We live in a world of dichotomies. According to the World Economic Forum, we stand on the brink of a technological revolution that keeps the pressure on business leaders and senior executives to understand their changing environment.
Meanwhile, on Wall Street, there seems to be little to no changing business environment as nearly eight years after the onset of the financial crisis many of the major US banks are back up and thriving. One of the consequences of which is that Wall Street CEOs are not moving on any time soon.
This leadership bottle neck is certainly not occurring in Europe where many of the big European banks – among them Barclays, Credit Suisse, Deutsche Bank and UBS – have new CEOs.
Yet if the World Economic Forum is correct, it is those who are readily embracing change and challenging the assumptions of their operating teams to relentlessly and continuously innovate who will thrive in the future.
This requires refreshing the executive pipeline.
Whilst those on Wall Street may believe the “too big to fail” banks have less competition than ever, they may not be looking far enough into the future.
The big American banks may continue to rule the roost in investment banking without any meaningful change in leadership at the top for some time still, yet the tide is most definitely changing.
This article was published on http://daviddumeresque.blogspot.in/