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Headline: No simple solution Source: Euromoney Date: May 2001 Faced with rising technology costs and regulatory change, fund managers are seeking to transfer more processes to their global custodians. In doing so, they are presenting service providers with a new set of challenges and opportunities. Rick Butler asks how far the trend to outsourcing can go When two European fund managers decided in quick succession last autumn to pass the bulk of their administrative processing to their global custodians, many bankers in the business of providing securities services were plainly relieved. |
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