AXA and SRS Acquiom sponsor industry conference experts discuss global economic and political issues impacting M&A
How will the presidential election impact the economy? Will tech valuations continue to skyrocket? What does Brexit really mean for the world?
These are the questions AXA Equitable’s institutional savings business looked to answer when they teamed up with SRS Acquiom, a mergers and acquisitions (M&A) service company, to organize and sponsor an industry conference.
The conference, “Global Forces Impacting M&A: Industry Leaders Discuss Top Economic and Political Issues,” was held in New York City in September and featured a panel of esteemed experts, including financial expert Heidi Miller (Chair of HSBC North America Holdings Inc.), investment expert Seth Masters (Chief Investment Officer of Bernstein), and political insider Ron Klain (former Chief of Staff for Vice Presidents Biden and Gore). Amy Wollensack, Partner at Kirkland & Ellis LLP, moderated the panel.
Watch the video below to see some of the opening remarks that set the tone for the night.
Here are a few takeaways from the discussions that followed:
- Politics are driven by macroeconomic factors.
- The growth rates of most emerging markets are slowing down and aligning with those of developed markets.
- Despite the persistent low interest rate environment, markets have been stable. However, we cannot expect this to continue.
- It’s just as complex now, if not more, than when it was voted upon.
- Due to the complexity and lack of precedent for an event like this, companies could make hasty decisions to the disadvantage of Britain.
- In 10 years, this may be seen as the beginning of the unwinding of the European Union, which was created on the thought that economic integration would lead to political integration—Brexit shows how that has failed.
- A resolution is far down the road.
Financial technology (FinTech) Disruption
- Tech in the financial industry is highly regulated.
- Governments rely on world banks for information. We may see more partnering between governments, companies, and banks.
In Fintech, the important part is tech. Newer tech companies created something new that didn’t exist at that time and therefore there was no existing regulation. That’s different from Fintech, where there is already a lot of existing regulation on the financial side of things.
- Cyber security is a big growth industry.
- There will be an increase in the size of cyber security teams at banks and more collaboration with governments that are looking into systemic cyber security risks.
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Information provided in the video is general in nature, is provided for informational purposes only, and should not be construed as investment advice. The views and opinions expressed are those of the panelists, Ron Klain, Heidi Miller, Seth Masters as of the date of their contribution and do not necessarily represent the views of AXA Equitable Life Insurance Company or its affiliates. Any such views and opinions are subject to change at any time based on market or other conditions and are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Securities and sectors referenced should not be construed as a solicitation or recommendation or be used as the sole basis for any investment decision.
Escrow Shield Plus is a funding agreement issued by AXA Equitable Life Insurance Company (NY, NY).Securities offered through Acquiom Financial LLC, an affiliate broker-dealer of SRS Acquiom LLC and member FINRA/SIPC.
Escrow Shield Plus is not available in all states. Acquiom Financial does not make recommendations, provide investment advice, or determine suitability of any security for any particular person or entity. AXA Equitable and Acquiom Financial LLC are not affiliated companies.