Luke Sayers AM is a mainstay of corporate Australia. With decades of experience, including some of this time spent running one of Australia’s preeminent firms, PriceWaterhouseCoopers, Luke has a plethora of expertise and a trove of insights not to be wasted. So, when he spoke with Ready Media Group about emerging trends and themes currently taking shape, you would be wise to take heed of his commentary (watch the interview here). COVID-19 and the ensuing global catastrophe can be summarised as one large seesaw.
At the onset of it, share markets around the world plummeted, governments panicked, and stimulus measures were rained upon economies left right and centre. Since then, we have seen periods of intense buoyancy as lockdowns eased, and optimism seeped back into the market. Despite a few hiccups along the way, the general trend has been suppression, followed by expansion.
It is the latter where Luke sees Australia currently heading. Following months of lockdowns across our two major cities, the centre of Australia’s commercial enterprises, Sydney and Melbourne, are poised to explode as summer approaches, and pent up consumer demand is unleashed.
Looking further afield than consumer spending, sitting in the domain of Luke and his new outfit Sayers Group, is corporate Australia and their utilisation of a built-up treasure chest of cash from the past twenty-four months. Investments, acquisitions, and divestments have been commonplace around the world recently, with a significant amount of money changing hands and companies looking to capitalise on a buoyant and excited market.
Luke and his bourgeoning wealth management firm, Sayers Group, recently opened their doors amidst the pandemic, attempting to define a bespoke offering amongst a heavily competitive market of wealth offerings. At its core, Sayers Group aims to provide investment capabilities, advisory services, and a platform for these businesses. It is the desire to be a co-equity partner with these firms, in addition to assisting investors, where Luke sees Sayers Group truly offering something unique and dynamic.
Already, Sayers Group is seeing the emerging trend of digital disruption taking priority with many businesses, as the pandemic slowed things down and allowed those looking to harness a sliver of introspection and re-evaluation to dare to do things differently through information and technology. This mega trend is not expected to slow down anytime soon either, with Luke seeing it alongside health, as the two medium term growth plays for those looking at the next (or current) emerging trends.
Australia has not been well known for being a technology destination or hub, however Luke pushes back on this misconception, believing that we have a level of dynamic and entrepreneurial talent here that can rival some of the best. As more and more onshore capital looks to be allocated in the technology space, it is only natural these home-grown gems will begin to flourish – an area Luke hopes to be apart of.
As the economy begins breaking free of the shackles of lockdowns, and the war chest of households and businesses looks to open and distribute, Sayers Group is uniquely poised to play a defining role in wealth creation. By harnessing a bespoke business model, and identifying emerging mega trends, Luke believes his new outfit will be the right choice for you and your investment decision.
Watch our Interview with Luke here for the full picture.