IMAS Survey Understanding Members' Business Continuity Plans - Investment Management Association of ...
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IMAS Survey
Understanding Members’ Business
Continuity Plans
Feb 2020
IMAS Survey - Understanding Members’ Business Continuity Plans
2
Understanding Members’ Business Continuity Plans
• Objective
Following the raising of the Disease Outbreak Response System Condition (DORSCON)
Alert Level from Yellow to Orange, IMAS has conducted a 5-min survey on members’
business continuity plans under DORSCON orange.
• Respondents profile
- Electronic survey conducted from 10 – 24 Feb 2020
- 51 member firms responded
3
Q1: Under DORSCON Orange, which precautionary measure has your
company already taken?
Answer Choices Responses
Split team arrangement –
45%
Segregated teams between telecommuting and physically at work in office
Split team arrangement –
18%
Segregated teams physically at work but operate in different office locations
All employees telecommute, except for those that needs to be physically at work (e.g. access
20%
to systems that cannot be remotely accessed)
None of the above (see Q2) 12%
Others 22%
Others (11 responses):
• Employees are given the option to telecommute if they wish to (6)
• Spilt team arrangement for critical teams. All other employees have the option to work from home. (1)
• Split team arrangement - segregate teams between telecommuting and physically at work in office and BCP site (1)
• Temperature screening twice daily for all employees (1)
• Small office- we follow strict check ups as prescribed (1)
• Testing split team arrangement to ensure readiness if it is activated (1)
4Q2: If “None of the above” to Question 1, does your company intend to
take any of the precautionary measures below within the next 2 weeks?
Answer Choices Responses
Split team arrangement –
8%
Segregated teams between telecommuting and physically at work in office
Split team arrangement –
2%
Segregated teams physically at work but operate in different office locations
All employees telecommute, except for those that needs to be physically at work (e.g. access
2%
to systems that cannot be remotely accessed)
Not applicable (i.e. Did not select "None of the above" for Q2) 78%
Others 12%
Others (6 responses):
• We have identified split team arrangements, between office and telecommuting, which we will put into effect when
our key risk indicators have been triggered/ as and when required/yes, if the situation deteriorates (3)
• Not at this juncture/ regular temperature checks/ We follow strict checkups and hygienic precautions (3)
5Q3: Has your company suspended all Q4: Has your company suspended
employee travel to China? employee travel to other parts of
the world?
2%
37%
63%
98%
Yes No Yes No
6Q5: If “Yes” to Question 4, please indicate the countries below.
Answer Choices Responses
Hong Kong 31%
Taiwan 14%
Japan 10%
Not applicable (i.e. Selected "No" for Q5) 61%
Other (please specify) 23%
Others (11 responses):
• Whilst there is no formal suspension of travel to affected countries, travel is discouraged and approval
from the CEO is required/ travel requires approval/ only with senior management approval/ Only
business critical travel to Asia countries/ All non-essential air travel is deferred/No Asian travel. Only
business critical travel outside Asia. Non-Singapore staff prohibited from travel to APAC (6)
• Macau (3)
• All Asia Pacific countries (1)
• Asia Pacific, except India and Australia (1)
7Q6: Would your company be Q7: If “No” to Question 6, please
cancelling or deferring its events as a indicate whether the company
result of the 2019-nCoV situation ? would be:
8%
6% 2%
14%
73%
6%
Yes Still deciding Unsure No Intend to proceed with the events but exploring
alternative formats (e.g. non-face-to-face setting)
Proceeding with the event as planned 8Q8: On a scale of 1 - 10, how likely will your China-related fund launches
or fund business be impacted by the 2019-nCov situation?
35%
29%
30%
25%
20%
16% 16%
15%
12%
10% 8% 8%
6%
5% 4%
2%
0%
0%
1 2 3 4 5 6 7 8 9 10
Unlikely Very likely
Nearly 1/3 of respondents chose ‘1’ as the answer
9Q9: On a scale of 1 - 10, how likely will your fund launches or fund businesses
in other parts of the world be impacted by the 2019-nCov situation?
30%
25% 25%
25%
20%
15% 14%
10%
10% 8% 8%
5% 4% 4%
2%
0%
0%
1 2 3 4 5 6 7 8 9 10
Unlikely Very likely
1/4 of respondents chose “1” while another 1/4 chose “5” as the answer
10Appendix: Respondents’ Profiles Aberdeen Standard Investments Eastspring Investments Neuberger Berman Aditya Birla Sun Life Asset Management First State Investments Nikko Asset Management AIA Investment Management Firth Investment Management NN Investment Partners AllianceBernstein Foord Asset Management Ostrum Asset Management Amundi Franklin Templeton Pictet Asset Management Aquarius Investment Advisors Fullerton Fund Management RHB Asset Management Arohi Asset Management GMO RWC Singapore Aviva Investors Asia Invesco Asset Management S&P Global AXA Investment Managers Investec Asset Management Schroder Investment Management BlackRock KPMG State Street Global Advisors BNP Paribas Asset Management Lazard Asset Management Sundaram Asset Management BNP Paribas Securities Services Lion Global Investors T. Rowe Price BNY Mellon Investment Management Mach-x Target Asset Management Capital Group Matthews Asia Templeton Asset Management Chartered Asset Management Maybank Asset Management Singpore Tokio Marine Asset Management Daiwa Asset Management Morningstar Research UOB Asset Management Dimensional Fund Advisors Nalanda capital Western Asset Management
Contact Information
We are located at Connect with us on
Investment Management Association of Singapore Desktop: linkedin.com/company/imassgp
IMAS Secretariat LinkedIn Mobile App: search ‘IMAS Singapore’
One Phillip Street
Royal One Phillip
#10-02 @IMAS_SGP
Singapore 048692
Tel : +65 6223 9353
Fax : +65 6223 9352
Email : enquiries@imas.org.sg
Website: www.imas.org.sg
12Thank you
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