UK And European Fund Managers Raced Ahead To Single Currency
THE EURO CONVERSION
NEW YORK--After the wave of industry consolidation and the Year 2000, perhaps the single biggest issue facing information technology professionals working for money managers is the pending arrival of the single European currency, the euro.
But consolidation is a continuing story that has been underway for several years and will likely proceed for several more. The currency conversion is an unprecedented one-time event that asset managers will either survive with only a few burps or suffer months
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