What is the road ahead for financial services? According to Henry McVey, Managing Director and Head of Global Macro and Asset Allocation at KKR, heightened regulation, de-leveraging, and low rates are all challenging traditional financial intermediaries to ponder what will be the key drivers of growth and returns in this new and unfamiliar environment. An industry once thought of as an agent of change for global growth is now expected to produce, at best, “boring beta,” says McVey.
In an exclusive interview with Privcap’s David Snow, McVey describes the key findings of his latest Insights report, titled “Financial Services: The Road Ahead (http://www.kkr.com/
View the full video here - http://www.privcap.com/
Manging Director & Head of Global Macro and Asset Allocation
Henry McVey joined KKR in 2011 and is head of the Global Macro and Asset Allocation team. Prior to joining KKR, Mr. McVey was a Managing Director, Lead Portfolio Manager and head of Global Macro and Asset Allocation at Morgan Stanley Investment Management (MSIM). Prior to that he was a Portfolio Manager at Fortress Investment Group and Chief U.S. Investment Strategist for Morgan Stanley. While at Morgan Stanley, Mr. McVey was also a member of the asset allocation committee, and the top ranked asset management and brokerage analyst by Institutional Investor for four consecutive years before becoming the firm's strategist. He earned his B.A. from the University of Virginia and an M.B.A. from the Wharton School of the University of Pennsylvania. Mr. McVey is a board member of the TEAK Fellowship and a member of the St. Christopher’