Umbrex is pleased to welcome Ricardo Fernandez to our community. Ricardo Fernandez spent 10 years in consulting in BCG, Accenture and KPMG focusing on strategic projects, due diligences, innovation, integrations and business plans. The last 8 years he has been focusing on digital growth technology companies where he has experience in Growth, Sales, Marketing Operations and mostly in Financial Services. He recently left Prodigy Finance a Fintech marketplace that has originated $1B to lend to international students going to the top masters around the world. Ricardo was CSMO and led up strategic partnerships for the company while sitting on the executive committee. Ricardo is based in Madrid and has 2 kids. He is an Engineer from UC Berkeley (with Honors) & MBA from INSEAD with a scholarship from Fundación Rafael del Pino.
Ricardo is happy to collaborate on projects focused on growth, sales and strategy in Europe
Many financial service leaders are not convinced that total market growth is important. Luiz Zorzella explains why even small companies can benefit from paying attention to and capitalizing on what is happening to the market.
You may have heard – or asked – questions such as:
“If our company does not hold a large market share in our markets, should we worry about market growth?”
“How would we even estimate market growth?”
“If most of our existing clients are in not in growth markets, should we abandon them and go after new ones?”
Those are very valid questions:
In most markets, companies with single-digit market shares feel no significant impact of market saturation (that feeling that you have exhausted all good leads). That means that as a general rule, regardless of whether the market is expanding or contracting, there is always an abundant supply of fresh, good prospects to be chased.
Areas explored include:
-Growing markets have growing needs. For example, your commercial clients will be investing to expand capacity and may need CRE and equipment loans to open new locations.
-Growing markets have more sophisticated needs. For example, companies in growing markets often need more attractive Group Benefits to attract talent and ward off poachers.
-Growing markets tend to supply better clients. For example, credit quality tends to be good and to improve over time in growing markets – thus not only improving the quality and value of your portfolio but also freeing up capital to invest in growth.
-Growing markets will carry you. This is because your existing clients, who have a lower acquisition cost than new clients, will continue to grow.
Read the full article, The Eternal Hunt for Growth in Financial Services, on the Amquant website.