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Northern Trust wins $1 billion outsourcing mandate from IFP

Northern Trust (NASDAQ:NTRS) has been selected to provide investment operations outsourcing services for over US$1 billion in assets for London based investment management start-up, Independent Franchise Partners (IFP).
As part of the mandate, Northern Trust will provide custody, trade services, fund accounting, transfer agency, performance measurement and client reporting.
“We were impressed by Northern Trust’s ability to [...]

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Thu, February 18 2010 » Legal Outsourcing, Uncategorized » No Comments

Startup Opens Offshoring Alternative in Distressed Michigan

Systems in Motion is taking advantage of an educated, available workforce and state incentives in opening an IT services operation in Ann Arbor, Mich., that it hopes will employ 1,100 people in five years.
Michigan’s unemployment rate, at 17.5%, is among the nation’s highest. At the same time, the state boasts a large pool of highly [...]

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Wed, February 17 2010 » Onshore Outsourcing » No Comments