US asset managers reaching ‘tipping point’ to outsource front-office, says Northern Trust
Custodians are aiming to evolve their outsourcing business model and leverage new technology to accommodate front-office solutions.
Tag: outsourcing
SGSS looks to expand front-to-back service following flurry of client mandates
The French bank has onboarded eight clients across Europe onto its front-to-back outsourcing platform CrossWise.
The in-housing project
Asset owners are increasingly taking an active role in managing their money, opening up new avenues for custodians to provide services. But could this spell the end for asset management?
Clearstream to close Luxembourg-based IT hosting service
Clearstream expects the closure of the business will take place over a 18-month period.
INTL FCStone bolsters new prime brokerage with outsourced trading acquisition
Fillmore Advisors will become part of the recently-established prime brokerage division at INTL FCStone, as it looks to expand on outsourced trading for hedge funds.
BNP Paribas Securities Services expands front-to-back offering to hedge funds
Global custodians are increasingly seeking to evolve their business models, which have traditionally centred on the back-office, to include front-office services.
JP Morgan’s Irish fund admin business fined for outsourcing breaches
The fine by the Central Bank of Ireland represented its first against a fund administration firm in relation to outsourcing failures.
SS&C expands outsourcing relationship with $68 billion US asset manager
SS&C has reported 20 of its largest clients have outsourced some or all of their operational functions to the tech giant over the past two years.
MUFG Investor Services gains FinTech division with Point Nine acquisition
The acquisition is an extension of MUFG Investor Services’ partnership it signed with Point Nine last year.
Wells Fargo launches new prime trade services group
Wells Fargo has unveiled its new prime trade service group with access to high- and low-touch outsourced trading functions, coupling it with other prime services.