Outsourcing middle office functions has become a common practice. Many asset managers see this as an opportunity to better position themselves to manage a dynamic investment environment rather than just an avenue to reduce cost.
Accenture (NYSE:ACN) has acquired Beacon Consulting Group, a trusted advisor and management consultant to the North American asset management community. This acquisition significantly expands Accenture’s asset management consulting capabilities and enhances its ability to help global investment managers, institutional investors and asset servicers gain an edge in increasingly competitive markets. Terms of the transaction were […]
To achieve growth targets and diversify their businesses, asset managers must consider acquisitions. Organic growth, through new sales and products, takes time and hard work – and luck. For firms that want to “move the needle,” the quickest way is through acquisition.
Firms must live with the significant impact of strategic decisions, whether positive or negative, for years. This magnifies the importance of basing them on a sound, thorough, and structured decision making process.This publication explores the key ingredients that must be considered along the way.
Oversight has become an increasing area of concern for fund treasurers and operations leaders at many asset management firms. Beacon Principal, Gerry Healy recently spoke about the topic for the Ignites.com panel discussion “Avoiding a Service Provider Snafu.” You can access the full recorded panel discussion here.