25 February 2018
visit www.nextgenbanking.co.uk/

Isis to outsource operational admin to JPMorgan

17 November 2003  |  4715 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  |  3369 views  |  0 comments
Friends outsources unit trust back office

Friends outsources unit trust back office

06 November 2002  |  3094 views  |  0 comments

Related company news

 

Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
Register for the webinarVisit www.vasco.comVisit http://info.nice.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12657 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10826 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9320 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8682 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8621 views comments | 11 tweets | 14 linkedin

Featured job

Find your next job