have evolved. Tis evolution shows no sign of slowing down. And this is a tremendous opportunity for all IR practitioners. We are looked to as experts and we need to answer that call.” Brian Sullivan, anchor of the CNBC program “Last
Call,” moderated a discussion with market structure experts that shed light on this rapid evolution. NIRI Annual Conference Committee Vice Chair
Mark Fasken, Chief Operating Officer and Co-Founder at Irwin, introduced a general session panel on “Demystifying the Increasingly Confusing Buy Side,” offering some observations in this area. “Buy-side asset managers are rapidly evolving their
complexity and sophistication with the aim of gener- ating investment performance in all types of market environments,” Fasken said. “Increasingly, traditional labels used by IROs are difficult to apply as more firms implement multi-strategy approaches to investing. “Traditional long-only firms have evolved their
investment processes with some launching alternative products and others bringing research and corporate access in-house. Hedge funds have also taken on many different shapes and approaches to investing. “Understanding all these complexities has many
implications to IROs, from who you meet with (and why) to how you think about shareholder targeting.”
1 2 S UMMER 2 0 2 3 ■ IR UPDAT E
NIRI President and CEO Matthew D. Brusch, CAE,
gave additional perspective. “There are always ‘hot topics’ influencing the evolution of IR that seem to garner outsized interest,” he said. “It likely won’t be a surprise that the topics this year that seemed to be on everyone’s lips were ESG and AI. Ten years ago, neither were in the NIRI Annual Conference lineup. Te 2013 hot topics were social media and ETFs.” In a recent IR Update Weekly e-newsletter sent to NIRI members, he noted that the 2022 NIRI-Korn Ferry IR Study reported that ESG disclosure was ranked as the second-biggest challenge facing IR profession- als. In the same report, 62% of respondents reported having responsibilities in addition to IR, with about 45% reporting responsibility for ESG/sustainability. Regarding artificial intelligence, Brusch noted
the numerous mentions AI received in conference sessions. “It was also fascinating to learn how IR service providers exhibiting in the IR Showcase at have begun incorporating AI into their products and services,” he noted. In addition to addressing major IR issues in the
general sessions, 22 concurrent breakout sessions covered a wide range of IR and capital markets trends. Tey aligned with the domains of the IR Competency
niri.org/ irupdate
Members of the 2023 NIRI Class of Rising Leaders Under 40 were recognized at the 2023 NIRI Annual Conference in June.
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