Adam Stern Managing Director
Adam Stern has been involved in Asset Services since processing his first dividend payment in 1988.
Prior to founding Ibacas in 2002, Adam performed a number of Asset Services related roles, from processing, to Ops Management, to Change Management, in both Custody and Investment Banking environments for Citi, Morgan Stanley and ABN Amro. During this time Adam was responsible for delivering change in relation to EMU and Y2K, initiating a major in house build project, managing a vendor implementation programme, as well as being a core member of the UK Market Practice Group
Since forming Ibacas, Adam has focused on market level initiatives such as ISO standards, Proxy Voting initiative and issuer standardisation and is a regular speaker at industry events. In addition, he has formed excellent relationships with all the major data and software vendors, depositories and industry bodies.
An in depth understanding of Asset Services Operations, upstream and downstream processes, regulatory initiatives, technology improvements and market trends, has allowed Adam to work with many clients to assist with defining their short, medium and long term Asset Services strategies and helping to build the associated business cases to secure funding and buy in across our clients’ organisations
In addition, Adam has undertaken a number of research initiatives such as comparing the levels of process optimisation of Asset Services across the market; methods for measuring the monetary value of Operational Risk in Asset Services; and the benefits and pitfalls of outsourcing Operations functions
“I have been a client, buying the kind of services that Ibacas provides. So, naturally, I know what matters to clients, and I do my level best to ensure that Ibacas provides just that.”