State Street Releases Vision Report on Investment Manager Operations Outsourcing

State Street Corporation (NYSE: STT), the world�s leading provider of financial services to institutional investors, today released its Vision report on investment manager operations outsourcing, the latest publication in its Vision series of thought-leadership papers intended to further increase awareness and understanding of key themes and trends facing institutional investors industrywide.

The new report, Outsourcing Investment Operations: Managing Expense and Supporting Strategic Growth, reviews industry changes behind the outsourcing trend and explores expected market developments, given the accelerating pace of demand.

�In today�s contracting economy, institutional investors are seeking more efficient means of controlling fixed costs, reducing operational and compliance risk, and positioning their organizations for long-term growth,� said Jeff Conway, executive vice president and head of Investment Manager Services for State Street. �As this paper outlines, many asset managers have found that third-party service providers create operational and technical efficiencies with end-to-end solutions for all steps in the investment cycle.�

From the first major deals a decade ago, the report describes the steady growth of investment operations outsourcing due to the expansion of financial markets, increasingly complex alternative assets, and rising merger activity. Global market dislocation in the past year has intensified cost control pressures, while adding another reason to outsource � increased compliance risk.

�With almost daily reports of potential regulatory changes, compliance risk has joined operational risk at the forefront of management challenges,� the paper states. �New accounting standards, the provision of regular reports to supervisory bodies and even disclosing more information to investors, are all likely developments that have associated implementation costs and pose a risk if not done correctly.�

Conway added, �Today, investment managers must strive not only to cut costs and increase assets under management, but also signal to investors that they can offer stability in uncertain times.�

To obtain a copy of this Vision paper on investment operations outsourcing or for more information, members of the press can contact publicrelations@statestreet.com. All other requests can be directed to vision@statestreet.com. Previous reports in State Street's Vision series address topics that have included the pensions industry, sovereign wealth funds, the insurance industry and derivatives.

About State Street

State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $11.3 trillion in assets under custody and $1.4 trillion in assets under management at March 31, 2009, State Street operates in 27 countries and more than 100 geographic markets worldwide. For more information, visit State Street�s website at www.statestreet.com.

State Street (NYSE:STT)
Historical Stock Chart
From May 2024 to Jun 2024