17 August 2017
Find out more

Morgan Stanley appoints Target to manage UK investment portfolio

27 September 2010  |  2471 views  |  0 Source: Target Group

Morgan Stanley has appointed financial outsourcer and software solutions company Target Group to provide administration services for one of its UK retail structured investment products portfolios.

Target is now providing administration services for all aspects of the investment portfolio following an efficient transfer period. The new contract involves Target taking control of account administration and customer servicing as well as handling redemptions on maturity and processing early surrenders.

The contract will see the administration of Morgan Stanley's structured products from Target's modern servicing operation in Newport, South Wales.

Target specialises in business process outsourcing (BPO) for banks, financial services providers, loans, savings and investment portfolio owners. This contract will support Target's strategic direction to add savings and investment product administration outsourcing and software solutions to its offering. Morgan Stanley joins Target's established list of blue-chip clients which include at least 25% of the world's top 20 banks.

Commenting on this new contract win, James Snow, CEO of Target Group said: "Target has demonstrated its ability to manage a significant investment portfolio for Morgan Stanley. We now service loans, savings and investments products - with specialist teams, all on our single core technology platform."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10228 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9568 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9396 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8408 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7888 views comments | 1 tweets | 2 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job