Managing Director & Partner
Joe Carrubba leads the Asset Management segment in North America for Boston Consulting Group, and is a core member of the Financial Institutions practice area. He advises clients on a variety of strategic, operational, and organizational issues within asset management, asset servicing, wealth management, and banking. Joe has led many large performance improvement programs for financial service players and is a BCG topic leader in asset management, asset servicing, and digital transformation. He is also a core member of BCG’s office of the CFO.
Prior to joining BCG, Joe worked at a leading asset manager.
Our 20th annual report on the global asset management industry looks back at a long period of growth—and explores the changes that lie ahead.
In a uniquely tumultuous year, assets under management worldwide showed strong overall growth, passing a major milestone along the way.
Flipping the lens to look at global wealth from the perspective of client needs instead of net worth reveals huge untapped revenue pools lying in plain sight.
North American wealth managers entered the recent crisis in worse shape than they entered the Global Financial Crisis of 2008/2009. This creates a pressing need for change, and a revitalized agenda is called for to establish strategic priorities and a winning game plan.
Firms have been late to the present, and they’re even further behind in preparing for the future. With shifts accelerating, leaders must commit to essential changes now.
Alternatives continued to be one of the strongest-performing asset classes overall in 2019, but not all alternatives are created equal.
Securities servicing businesses outperformed their capital market peers and delivered steady growth in the years following the 2008 financial crisis. COVID-19 has created headwinds for security services, but there are various strategies to maximize competitive advantage.
This paper aims to understand what differentiates top-performing wealth managers from the average and identify the key strategic levers wealth managers can use to stand out from the crowd.
Foreign asset managers may now expand into China, but they must tailor their strategy to the market’s unique characteristics.
After last year’s tumult, 2019 has brought a welcome turning of the page. Here’s what success will look like in the next decade.