Asset Managers Seeking Efficiency Through Outsourcing and Technology, According to Recent Survey

A recent Northern Trust survey examined asset managers’ perspectives on their business priorities, product distribution, outsourcing and data management. The survey was a follow-up to a similar study Northern Trust conducted in 2020. Notable findings include a focus on outsourcing to improve efficiency and an “increas[ing] reliance on technology to solve multiple challenges, including improved access to, and management of, data,” according to Northern Trust. This article examines those and other key findings of the study, with commentary from Ryan Burns, head of global fund services, Americas, at Northern Trust. For coverage of the 2020 study, see “Survey: Current Priorities and Challenges for Asset Managers” (Sep. 24, 2020).

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