Expanding markets widen service range

Global Fund Administration Management Report 2010

Akshaya Bhargava at Butterfield Fulcrum believes managed accounts will be the big growth area. Bhargava also expects growth in emerging markets to lead to the establishment of more prime broker relationships as clients trade locally in those markets. 

“This impacts the administrator’s reconciliation process,” notes Bhargava, as the investigation of any trade breaks or reconciliation items can take longer to resolve if the broker is halfway around the world. “The impact of this issue can be minim