Capital Markets Infrastructure: An Industry Reinventing Itself

By Matthias Voelkel, Markus Röhrig, Rushabh Kapashi, Jonathan Klein, Andreas Waschto, Emre Akgül

Capital markets infrastructure providers (CMIPs) -- the platforms, pipes and plumbing of global finance -- have been conspicuous high achievers in recent years. However, this is an industry undergoing widespread change. To continue to thrive, providers must proactively reposition themselves along the value chain, based on a strategy and roadmap that reflects their expertise. The biggest successes are likely to be inspired by visionary strategies and a fearless effort to reshape the business model. Based on extensive proprietary McKinsey research, this report presents eight key principles that CMIP firms need to consider as they navigate a changing industry landscape.