ING Investment Management outsources middle office to BoNY

- WatersTechnology Staff
- 01 Feb 2005

LONDON – ING Investment Management, the asset management operation of Dutch financial services juggernaut ING, has contracted the Bank of New York to outsource its middle-office operations to the bank’s BNY SmartSource proprietary outsourcing platform.

BNY SmartSource provides consultative and IT support services to clients; the system’s open architecture allows clients to select which functions to keep internally and which to outsource to the Bank of New York. ING Investment Management will

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