According to a PricewaterhouseCoopers survey of 150 investment management executives, just under one third of investment management companies will increase outsourcing of their administrative and back-office functions over the next two years.
Sixty-two per cent of executives said they’ll likely maintain their current outsourcing levels. The remaining 7% plan to bring their outsourced accounting, financial reporting and administrative services back in-house.
Forty per cent of respondents planned to outsource more in order to help their firms focus on the core services. About 31% said they want to improve on qualities that the in-house staffers don’t have the time or the resources to do, and 29% said they want to cut costs.
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