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Feature: the changing face of outsourcing
01 February 2010
Fund managers are under pressure to deliver results and are looking at outsourcing to optimise performance
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outsourcing
fund managers
Callatay & Wouters
Operational efficiency has become the latest buzz phrase, as firms look to lower costs and maximise opportunities wherever they can. This idea is fundamental to many types of business but none more so than fund management, which has had to deal with declining asset values and unpredictable markets in the last couple of years. One solution has been to increase the outsourcing of non-core functions of their businesses.
The outsourcing trend in the industry is credited as having started during the early to mid 1990s and in the asset management field has its roots firmly in custody – so much so that few fund managers now retain custody business in-house.
Since its inception it has grown at a steady pace, evolving as technology does and as the complexity levels of tasks increase. Chris McIsaac, head of portfolio review for Vanguard said: “Certainly an adviser today can outsource many of the activities...
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