Historically, it was the heavy hitting pieces which provided the focus for outsourcing deals, but what of the apparently less significant pieces?
Just like the Game of Kings, grand strategies are formed in order to maximize benefit. First generation outsourcing saw Third Party Providers (TPPs) begin to broaden their game. They extended services beyond custody, their “jewel in the crown”, bolstering their armory with Fund Accounting and Transfer Agency. These formerly less powerful pieces have now moved center stage.