BLOGS. March 6, 2024
Past Success Motivates Increasing Outsourced Functions
Asset management firms are more likely to outsource additional functions after first successfully outsourcing a single function. We recently conducted a survey in partnership with Global Custodian to examine the evolving attitudes toward outsourcing middle- and back-office functions. Our results show that clients look for opportunities to repeat their first successful steps into outsourcing by identifying internal functions that can be outsourced to continue the momentum. We surveyed 250 firms, of which 68% were asset management firms, split roughly evenly between US- and UK-based firms, as well as a few based in Europe. These asset management firms can be further categorized as hedge fund managers and traditional firms.
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