18 October 2017

Institutional outsourcing: Investec turns to State Street; AXA looks to Bank of New York

18 November 2003  |  10622 views  |  0 Institutional outsourcing: Investec turns to State Street; AXA looks to Bank of New York

Investec Asset Management has entered exclusive negotiations with State Street regarding the outsourcing of its institutional administration back office.

Investec says the deal will enable the firm to focus on its core business of managing clients' assets, whilst also taking advantage of the growing trend in the fund management industry to outsource administrative functions.

Seperately, AXA Investment Managers has selected The Bank of New York to provide a full spectrum of outsourcing services and tools for its new US Investment Grade Team. Under the agreement, The Bank of New York will assume responsibility for operational functions, including trade support, data management, portfolio accounting, reconciliation and performance measurement.

In addition, the Bank will render end-client statements and deliver a variety of portfolio information to AXA IM via a customised Internet toolset offering straight-through processing from instruction capture to portfolio accounting and reporting.

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 to outsource operational admin to JPMorgan

Isis to outsource operational admin to JPMorgan

17 November 2003  |  4681 views  |  0 comments
Allied Irish Bank outsources trade processing to ABN Amro

Allied Irish Bank outsources trade processing to ABN Amro

21 October 2003  |  4488 views  |  0 comments
Asset managers shy away from outsourcing

Asset managers shy away from outsourcing

14 October 2003  |  4266 views  |  0 comments
ABN Amro outsources managed accounts back office to BoNY

ABN Amro outsources managed accounts back office to BoNY

06 October 2003  |  5171 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15319 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8497 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8021 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7542 views comments | 13 tweets | 9 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6642 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job