Northern Trust Global Head of Integrated Trading Solutions Gary Paulin shared how the current financial environment brought by the pandemic increases outsourcing activity in the asset management industry. Cutting cost is often the first reason asset owners choose to outsource front office services. Moreover, the current global situation has brought more reasons to consider outsourcing. Northern Trust’s recent white paper showed that firms opt to remove costs and the complexity of implementing in-house solutions. These businesses turn to outsourcing to free up capital and invest in more strategic growth.
