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The old adage that necessity breeds invention still rings true for financial services. While evolution moves in cycles there will always come moments when a perfect storm of factors drives radical change. Fund servicing is reaching this point, forcing a rethink of operating model design and execution as the limitations of traditional approaches are exposed.
Geoff Hodge, CEO of Milestone Group, examines the fundamental but often overlooked need for a dynamic operating model to achieve business effectiveness and competitiveness in today’s fund servicing sector.
A combination of margin pressure and product innovation is placing asset management and fund servicing businesses under varying degrees of stress. As a result, market participants across...
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