Independence is crucial

Global Administration Round Table: Confronting a challenging environment

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Independence is key, declares David Aldrich at Bank of New York Mellon. “Objective, impartial valuation of assets and shareholder servicing is now demanded by investors the world over, not just in Europe. There is room for many providers at this stage of the evolutionary cycle, and consolidation will follow in its own time,” he says.

According to Hans Hufschmid at GlobeOp Financial Services, the Madoff-related events have “underlined to investors and funds why it is essential that funds are inde