Pensions & Investments article
In response to increasing regulatory pressures combined with expectations to reduce costs, asset managers have historically handed over back-end operations to asset services. While complete outsourcing of middle- and/or back-office operations can still be successful in the right circumstance, it also presents many challenges and risks.
In this Pensions & Investments article, Thomas Grande, a Director in Navigant’s Financial Services practice, examines lessons learned from outsourcing history and the outlook for today’s outsourcing landscape. Grande provides his recommendation of selective technology outsourcing as an effective way to realize cost containment and still ensure that all regulatory obligations are met. He provides an overview of how companies are currently utilizing this type of outsourcing, as well as the concerns this approach should address.