Increase in middle office outsourcing seen

Northern Trust head of Global Fund Services in Asia Caroline Higgins expects uptake in middle office outsourcing in the region as institutional investors increasingly see the solution’s benefit. She disclosed that some institutional investors have found value in middle office outsourcing as it allows them to leverage the expertise of global providers, such as Northern Trust, with capabilities and servicing hubs in Asia. Higgins explained that as clients grow in complexity and size, a key challenge is managing the data and flows. Given the scenario, Higgins underscored Northern Trust’s focus on solutions that provide clients with a single aggregated view across all asset classes, with flexibility in the frequency and format in which the data is available.