Custodian Northern Trust is in exclusive negotiations with Insight Investment, the U.K. asset management arm of U.S. banking group HBOS, to take on Insight’s investment administration on an outsourced basis. The decision has come after a feasibility study that established a “sound and compelling case for moving to an outsource business model with clear benefits,” said Insight’s chief operating officer Atul Manek. The deal, which should complete in the second quarter of this year, would cover pricing, reconciliations, record keeping, trade matching, settlement, client reporting and performance capabilities. Insight currently uses a combination of data management platforms from Citadel Associates (Reference Data Review, August 2004) and Xenomorph.
A-Team Insight Blogs
…While Insight Talks Outsourcing with Northern Trust
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Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.
Six months after Markets in Financial Instruments Directive II (MiFID II) went live, how compliant is your organisation? If you took a tactical approach to cross the compliance line on January 3, 2018, how are you reviewing and renewing systems to take a more strategic approach and what are the business benefits of doing so?...