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Transition management survey full results
03 April 2014
Transition management has had a difficult year resulting in many participants leaving the business.The Global Investor/ISF survey reveals that the remaining participants are in rude health, writes Alastair O'Dell [Subscriber-only]
The transition management business has been through a
difficult period, but in a trimmed-down market the remaining
players are diligently getting on with the business of serving
their clients and the results are encouraging.
There has been an exceptional number of departures in the past
12 months. BNY Mellon was the most recent to close its beta and
transition management business in mid-March, and this follows
the closure of BNY Mellon's other former business,
Credit Suisse closed the doors on its transition management
business in May 2013 and JPMorgan closed the majority of its
business shortly after, keeping open just its Australian
But not all have succumbed to the challenging market. State
Street had its own share of problems, with a double-charging
scandal in 2012, but weathered the storm and remains in the
business. Citi seems to go from strength to strength and Nomura
remains a strong performer...
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