We live in an uncertain world. We’re dealing with an unprecedented breadth and speed of change in technology, demography, globalisation, environment, and, not least of all, social norms. These shifts have seen increasing failure rates for corporations. So, what is the impact on asset owners? Let’s start by defining what we mean by an asset owner. We believe there are five qualifying characteristics. An asset owner: works directly for a defined group of beneficiaries/savers/investors as the manager of their assets in a fiduciary capacity (upholding loyalty and prudence) under delegated responsibility works with a sponsoring entity, usually a government, part...