Global coverage for a global industry appears to be the mantra for fund administrators. Many believe that to survive, an administrator needs to be close to clients as well as the fund’s investors. The need for daily reconciliation in many funds and increased reporting requirements has also led many administrators to conclude a 24/7 operation is needed. However, there are still a few who say a global footprint is not necessary and are content with smaller, more local operations.
The week on Risk.net, July 14–20, 2017Receive this by email