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Alternative Market Briefing

Asset managers plan to outsource data management to focus on investing

Monday, October 26, 2020

Laxman Pai, Opalesque Asia:

Asset managers plan to outsource functions such as data management and middle and back-office operations in order to cut costs and focus on their core job of generating investment returns for clients, said a study.

"Many asset management firms are increasingly realizing the benefits that can be gained by partnering with external providers to outsource their business processes. Outsourcing is a way for many firms to achieve scale and gain access to capabilities usually only available to the largest players - potentially leveling the playing field," said a report by Northern Trust.

A recent survey, conducted by Northern Trust, which polled 300 asset managers around the world, has highlighted an increasing trend for asset managers to outsource front-to-back office operations in order to optimize their operating models, gain operational resiliency and improve bottom-line performance.

The poll found that 45% of respondents consider data management as the function most likely to be outsourced within the next two years. This was closely followed by 40% who cited the back office and 38% who cited the middle office/IBOR as outsourcing candidates.

As fee pressures continue to grow and margins shrink, firms are examining their core functions in order to concentrate on enhancing business performance.

The survey of asset managers, including 40% in Asia, was conducted in the first quarter of 2020. Respondents' assets under ......................

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