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Outsourcing investment data management: Experiences with the tendering process
Journal of Securities Operations & Custody,
14
(1),
72-77
(2021)
Abstract
This paper explains why Custodians have demonstrated a significant interest in offering Data as a Service (DAAS) to their Clients on the basis that they should be in a prime position to provide a compelling offer. Notwithstanding this, Custodians have not yet fully delivered to their potential, and we explore why this is the case and what some of the specific barriers are. Understanding these limitations, we then present the reader with a ‘checklist’ that they can use when considering appointing Custodians for DAAS. The reader should expect to understand what current limitations exist with respect to Custodian DAAS and how they can assess these via a tendering process. Further, Custodians can consider these observations and consider what changes they may be able make as they further develop their DAAS offer to the market.
Keywords: InvestmentData; Data as a Service; Custodian; DAAS
The full article is available to subscribers to the journal.
Author's Biography
Bruce Russell is a Melbourne-based director of Shoreline with 25 years of industry and professional experience. Bruce co-founded Shoreline in 2009 to provide Operations and IT expertise to the asset and wealth management industries. Prior to joining Shoreline, Bruce was a Principal Consultant with Morse Consulting from August 2005 to November 2009. Bruce has specialist expertise in the design of investment manager operating models and investment data strategies, IT system selections and development of middle and back office sourcing strategies. Prior to joining Morse, Bruce was employed by HSBC Asset Management (Australia) Limited. Whilst at HSBC, Bruce held a variety of other roles including Head of Operations, Head of Business Support and Manager, Portfolio Accounting. Prior to HSBC, Bruce was employed by PKF as an auditor and worked both in Melbourne and London. Bruce is a Chartered Accountant and holds a Bachelor of Commerce from La Trobe University in Melbourne Australia.
