Investors Bank Wins Huge European Outsourcing Mandate

The third quarter earnings statement from Boston-based Investors Bank includes an interesting statement by Chairman and CEO Kevin J. Sheehan. “Our new business wins include the recent execution of an agreement to provide middle office outsourcing services for approximately $60 billion in assets managed by a new European client,” he says. “We have also signed a letter of intent to provide middle office outsourcing services for another $100 billion in assets managed by the same client.”