Business process redesign is a valuable exercise which involves taking a critical look at a firm’s operations with the goal of identifying potential improvement opportunities. These improvements could represent quick ways to refine operations with minimal cost, resulting in more efficient, leaner and lower risk operations.
The functionalization and outsourcing of asset manager processes can yield extremely positive results, but only if governed properly. A strong operational governance model requires a well-defined set of expectations regarding the completion of activities. This is best accomplished through the development and monitoring of strong service level agreements.
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 […]
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.