Tom Secaur Discusses JPMorgan's Move to Middle Office Outsourcing
Posted on Nov 16, 2021
JPMorgan recently announced that it will outsource post-trade processing, collateral management and other middle-office functions to its affiliated servicing arm.
This move follows State Street, BNY Mellon and Northern Trust who have invested in their platforms for servicing asset managers’ entire investment operations, including trade execution and back-office fund accounting, and asset managers are lining up to adopt their services, saidTom Secaur, chief operating officer atCitisoft.
“They’re extremely busy, and while everyone is trying to hire the right talent to execute on these projects, there’s only so much they can take on,” Secaur said.
“There needs to be more than two or three options,” for front-to-back outsourcing, he added.