23 February 2018
Visit www.avoka.com

Citisoft expands asset manager outsourcing evaluation service to US

17 February 2004  |  1154 views  |  0

Citisoft, the specialist investment management consulting firm, has today announced the expansion of its Operational Outsourcing Evaluation Service. Resulting from increased client demand for comprehensive and concise analysis, the service provides a short-term, high-value assessment of the suitability of outsourcing for investment management firms. Citisoft considers the financial and non-financial benefits, risks and return on investment (ROI) in light of the specifics of the firm's environment.

Citisoft created a formal approach to this evaluation due to the large number of variables involved in any outsourcing evaluation. Citisoft has developed several proprietary tools to assist managers in evaluating, for example, future staffing requirements under outsourced and insourced scenarios, depending upon which activities the manager might elect to outsource and how the manager anticipates its business might grow or change over time. This scenario analysis enables targeted cost projections over a specified time horizon for insourced and outsourced alternatives.

"Whether or not to outsource operational functions is a recurring, strategic question for asset managers," says Dan Houlihan, a Managing Director of Citisoft's US operation. "We've helped to answer the outsource question for many of our global clients and have formalised the service so other asset managers can benefit from our depth of experience of outsourcing both institutional and retail activities."

Peter Bambrough, Head of Outsourcing, Citisoft adds, "We can help to evaluate, for a given client, whether suppliers can provide a high quality, long-term service at a cost that works for both parties. We've been at the forefront of the global trend toward outsourcing, with our first project dating back to 1993. Since that time, we've completed dozens of projects for buy-side clients ranging from evaluation of outsourcing as a strategic option, evaluating and selecting providers, and facilitating the implementation."

"Outsourcing is not always the best approach for an investment manager - and insourcing isn't either," says Holly Miller, Citisoft's Region Manager in New York. "We can provide managers with a rapid assessment of their options - including outsourcing only a portion of their activities - and triggers that would prompt a reassessment. At the same time, we give our clients headcount and operations cost projections over the next several years based on projected future growth of the firm. This information is an invaluable planning tool for most managers, well beyond the issue of whether or not to outsource."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

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

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
10946 views comments | 14 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10087 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
7875 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
7559 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7311 views comments | 10 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job