Buy-side outsourcing to increase through 2007

TRENDS | BUSINESS PROCESS OUTSOURCING TO RISE BY 12% ON THE BUY SIDE

BOSTON – Buy-side business process outsourcing (BPO) contracts will increase over the next 18 months, resulting in a 12% increase in institutional assets under custodial and third-party administration by 2007.

According to a new TowerGroup report, A Novel Look at Outsourcing in the Asset Management Industry: The Customer's Perspective, asset managers' shift from short-term tactical IT planning back to long-term strategic thinking as financial market woes lessen has begun to revive the argumen

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