Global Custodian Summer 2017 | Page 29

[ O P I N I O N much to differentiate providers. If that is the client perception, the facts need to be very clear in order to change their mind. One way of addressing that is proving the client is truly at the centre of what they do thereby clearly standing out from the competition. In talking with clients and providers, it’s some of the basics that make the difference. Lack of visibility or access to senior management, lack of authority for managers to make decisions, lack of specific business knowledge, lack of specific client knowledge, taking weeks to | C L I E N T C E N T R I C I T Y ] settle claims, delayed fee reviews as they require sign off by committees, partial answers to queries, lack of information on operational or IT issues and, worst of all, no response to emails or telephone calls. Each provider will know where they do or do not have “It’s some of the basics challenges in these areas. If they are addressed, where make the difference.” required, client centricity can be physically evidenced and trust will be gained. It’s likely the client will call with congratulations. It’s a DNA thing. Summer 2017 that globalcustodian.com 29