In this episode, Nick Holland speaks with Joe Kavanagh, Head of Performance Measurement and Risk Analysis at KBI Global Investors, for an insightful discussion on the Global Investment Performance Standards (GIPS) and broader trends in performance measurement governance.
Want to listen on the go? Tune in here:
Joe reveals how he was first introduced to GIPS over 20 years ago when his firm aimed to market its products in the U.S. His expertise and passion quickly positioned him as a trusted figure in the GIPS governance space, including roles as a CFA Society Ireland President and a longstanding member of multiple GIPS committees.
The Role of the GIPS Technical Committee:Joe discusses his work on the GIPS Technical Committee, describing it as a "GIPS on steroids" group that tackles complex industry topics such as trade errors, performance attribution, and verification standards. He emphasizes the value of consensus-driven discussions, even in the face of differing opinions.
Challenges and Rewards of Global Collaboration:Balancing his professional role and committee work, Joe highlights the benefits of collaborating with peers from around the world. He underscores how these interactions provide not only valuable insights but also a network of professionals to exchange ideas and solve challenges.
What’s Next for GIPS:Joe teases upcoming developments in GIPS, including guidance on trade errors and performance attribution, expected to be released in 2025. These updates aim to provide practical resources for firms navigating performance measurement complexities.
Why You Should Listen:
This episode is packed with insights into the evolving landscape of performance measurement and governance. Whether you’re a GIPS enthusiast, a performance measurement professional, or someone curious about industry best practices, this conversation offers a rare look behind the scenes of how standards are developed and refined.
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EPISODE NOTES:
Joe will be joining the Performance Measurement and Client Reporting Conference next month in New York, where he’ll participate in a panel discussion on GIPS and related topics. Stay tuned for more updates on this exciting event!
Don’t fall victim to FOMO, join us at PMCR 2025 Feb. 27-28th in NYC. Enter coupon code FTFPODCAST to receive a 10% off your ticket just for tuning in.
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