Asset managers plan to outsource costly non-core work to focus on investing

A recent Northern Trust survey, 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 optimise 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. Some 40% are looking to outsource back room operations, and 38% at...