The decision to outsource the majority of its back-office functions comes as asset managers face increasing pressures of running their operations teams in-house.
Wedbush Futures follows Barclays and Credit Suisse in outsourcing their post-trade operations to the utility.
Banks are looking to significantly expand the scope of outsourcing to all activities for all asset classes, new research has found.
Custodians are seeing new demands from asset managers clients that have shifted their investment strategies to ETFs.
Asian acquisition follows hot on the heels of US deal to widen firm’s geographic footprint.
An inability to achieve scale quickly enough in-house and the need for a strategic partner are driving asset owners and insurers to outsource investment operations.
Linedata expands its outsourced services offering with the acquisition of Gravitas.
BNP Paribas has chosen Fidessa's execution platform to support its listed derivatives trading operations globally.
The Global Custodian team are joined by BNP Paribas' Alan Cameron to discuss the latest news, middle office outsourcing and the current status of T2S.