Operating Model Rethink Required, Says Milestone Chief

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In a recent whitepaper, Efficient fund operations: the dynamic operating model, Hodge argues that the need for change is crucial now that the buy side finds itself under increasing pressure, both in terms of cost and also new regulations.

He says that asset management firms must design their models to anticipate change, in order to avoid being lumbered with a model that becomes a "lead weight" around the business when requirements change.

"The industry to date has systematically designed its inf