13 December 2017
visit www.solutions.lexisnexis.com

Isis to outsource operational admin to JPMorgan

17 November 2003  |  4699 views  |  0 Isis to outsource operational admin to JPMorgan

Isis Asset Management, an investment company formed by the merger of Friends Ivory & Sime and Royal & SunAlliance Investments, has reached heads of agreement with JPMorgan to outsource "a number of its operational functions".

Isis CEO Howard Carter says the deal will provide an operational platform that is scaleable to support the firm's ambitions of becoming one of the top five UK asset managers by 2007.

Isis conducted discussions with a number of potential partners before selecting JPMorgan. CSTIM, a specialist consultancy in the investment management industry assisted Isis in the selection process.

"This is a major development for Isis," says Carter, "following on from the successful integration of Royal & Sun Alliance Investments. It will enable us to focus our technology investment on our core activities and improve the way our costs are aligned to our revenues."

He says that all staff impacted in Isis' London and Edinburgh offices will be offered jobs in their current location of employment. Potentially around 70 of Isis' 500 staff will have their employment transferred to JPMorgan.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ISIS Asset Management extends DSTi implementation

ISIS Asset Management extends DSTi implementation

02 April 2003  |  3329 views  |  0 comments
Friends outsources unit trust back office

Friends outsources unit trust back office

06 November 2002  |  3059 views  |  0 comments

Related company news


Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.atos.netvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12165 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9354 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
7972 views comments | 17 tweets | 36 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7351 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7204 views comments | 20 tweets | 11 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job