Guy Gibson named as global head of institutional brokerage and Anna Ranaldi appointed as global chief operating officer for institutional brokerage business.
Northern Trust’s director of strategy for asset servicing warned at InvestOps USA that asset owners are a less obvious competitor for the buy-side, as insourcing assets could become more popular.
Market participants agree that trust is a key aspect for firms looking to work with technology providers on their execution processes.
New report suggests that spending, automation and outsourcing of compliance functions at buy-side firms will increase over the next five years.
Firm hopes hire will help boost buy-side offering.
At a time where cost efficiency has become the new world order, outsourcing almost everything from trading technology to post-trade processes has become the next big thing.
Sell-side study by FIS finds 39% of firms expect front office functions to be outsourced by 2020.