Today's operating environment is more complex than ever
before. Whether based in Europe, Asia or the US, asset managers are
under mounting administrative pressure thanks to increased scrutiny
from regulators and a growing investor demand for more detailed
reporting requirements.
This has led many to consider the benefits of outsourcing
back-office operations versus increasing the scope of in-house
services - and many asset managers are realising that doing
everything in-house might not be the best use of resources.
Deciding when and what to outsource
In a nutshell, outsourcing involves an asset manager appointing
a third-party service provider to undertake certain day-to-day
operational activities. The scope of the role can be as narrow or
as broad as you like, and can range from delivering specific
services, like company secretariat or cash management, to providing
the bulk of back office support.
