Mandate Watch: Citi, SGSS and BNY Mellon win mandates
Outsourcing, especially amongst asset owners, is driving mandate growth. Citi, SGSS and BNY Mellon among those to win mandates in the first few months of 2013, finds Luke Clancy
The financial industry has to adapt to a period of real uncertainty, both in the immediate future and over the longer term. The environment is encouraging some tough decisions and innovative thinking. In particular, asset owners are increasingly looking to review their operating models to take out fixed costs and improve their agility.
It is on the back of such sentiment that Société Générale Securities Services (SGSS) says it has won 20 new mandates for its fund distribution services in Europe
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