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Expansion into private markets fuels outsourcing demand
Journal of Securities Operations & Custody,
15
(1),
56-61
(2023)
Abstract
As cost and performance pressures continue to escalate, traditional and alternative asset managers are looking for ways to drive growth. In many instances, this is being achieved via product diversification. For example, there is an abundance of long-only and hedge fund managers launching private equity, private debt or even infrastructure products. Although diversification or hybridisation does have strategic advantages, it only works if the process is well thought through. Accordingly, investment firms need to think carefully about how they structure their operations when moving into the highly esoteric world of private markets. A sensible approach to outsourcing will therefore be necessary if managers are to achieve reduced costs, risk mitigation and performance enhancements.
Keywords: asset management outsourcing; managed services; private markets; business continuity; automation; risk mitigation
The full article is available to subscribers to the journal.
Author's Biography
Kevin Moran has over 20 years of global industry experience and has led operational and strategy teams to drive business growth, organisational optimisation and digital transformation. Kevin's experience encompasses diverse products and he is an expert in securing operating risk, increasing efficiency and providing innovative solutions within firms and for clients. Since October 2018, Kevin has served as the Global Head of Broadridge Business Process Outsourcing, which provides an operations managed service for capital markets, asset management and wealth management in more than 90 markets globally. Prior to joining Broadridge, Kevin spent 15 years at BNP Paribas, where he held multiple executive leadership roles in the Americas and Europe, including Head of Transformation and Head of Operations. Kevin is an active member of the financial services industry, holding roles across multiple committees and forums associated with operations, technology and financial literacy.
