Outsourcing: The Coming Wave in Investment Management
Celent Communications predicts the demand for outsourcing services by US and European investment managers will generate US$30 billion in outsourcing revenues by 2006.
In a new report, OutsourcingThe Coming Wave in Investment Management, Celent examines the transformation of outsourcing services, reviews the factors driving demand, analyzes the competitors and the various outsourcing business models, and considers the factors which will determine success in the marketplace. The report also presents survey findings of leading investment managers interest in, and attitudes about, outsourcing.
One key finding of the report is that 40% of investment managers with greater than US$1 billion in assets are considering outsourcing back, middle, and more limited front-office operations by 2004. However, they will grant business only to stable, well-heeled providers whom they trust.
Pamela Brewster, analyst at Celent, "With the market downturn and intensified competition for assets, investment managers are re-evaluating their core competencies and looking to gain operational efficiencies. Outsourcing promises to deliver three significant benefits: lower overhead costs, increased productivity, and risk reduction."
A Table of Contents is available online.
of Celent Communication's Institutional Securities & Investments and Wholesale Banking research services can download the report electronically by clicking on the icon to the left.
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned subsidiary of Marsh & McLennan Companies [NYSE: MMC].
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Table of Contents
|Boston, MA, USA March 20, 2002
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