Provider's IT Infrastructure seen as Primary Consideration
HONG KONG, June 15 (Bernama-BUSINESS WIRE) -- Fifty percent of Asian pension funds and investment managers attending Northern Trust's (Nasdaq: NTRS) advisory seminar for clients, hosted in late May in Hong Kong, said their organisations had outsourced or considered outsourcing some middle office functions in the past five years. However, just over a third (38 percent) had actually implemented an outsourcing project in that period.
"With evolving regulatory requirements, a low-yield environment and continuing pressure on pricing and cost structures, both asset owners and asset managers are facing considerable challenges and increasing complexity in the market," said Caroline Higgins, head of Global Fund Services for Asia, at Northern Trust. "Some institutional investors have found value in middle office outsourcing, which allows them to leverage the expertise of global providers, such as Northern Trust, with capabilities and servicing hubs in Asia. We expect to see more uptake of middle office outsourcing in the region as institutional investors increasingly see the solution’s benefits."
HONG KONG, June 15 (Bernama-BUSINESS WIRE) -- Fifty percent of Asian pension funds and investment managers attending Northern Trust's (Nasdaq: NTRS) advisory seminar for clients, hosted in late May in Hong Kong, said their organisations had outsourced or considered outsourcing some middle office functions in the past five years. However, just over a third (38 percent) had actually implemented an outsourcing project in that period.
"With evolving regulatory requirements, a low-yield environment and continuing pressure on pricing and cost structures, both asset owners and asset managers are facing considerable challenges and increasing complexity in the market," said Caroline Higgins, head of Global Fund Services for Asia, at Northern Trust. "Some institutional investors have found value in middle office outsourcing, which allows them to leverage the expertise of global providers, such as Northern Trust, with capabilities and servicing hubs in Asia. We expect to see more uptake of middle office outsourcing in the region as institutional investors increasingly see the solution’s benefits."
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