Funds are increasingly relying on outsourcing work, says Weinstein
FinServ Consulting, a leading technology consulting firm serving alternative asset managers, global banks, and their service providers from New York, has opened office in Mumbai to support its core consulting business for hedge funds and private equity funds.
FinServ’s India team will expand the firm’s capacity to service the following business segments:
Hedge Fund, Private Equity Fund, alternative asset manager business consulting services
Specialized middle and back-office managed services
Software-specific system customization and implementations for all Salesforce & Workday platforms
Industry systems integration (including Enfusion, Portfolio BI, Allvue Systems, Investran, and others) and bespoke systems development.
The effects and impact of the global pandemic continue to unfold. However, the need for resilience in terms of operating models and infrastructure continues to increase as fund managers operate remotely. Hedge funds and alternative asset managers are facing new business imperatives, namely the need to reduce expenses and identify variable cost structures through new forms of outsourcing across operational, technological, and other support services.
“The global pandemic has accelerated the belief that remote workers are effective and a viable alternative for asset managers. Funds are increasingly relying on outsourcing work, including managed services for the middle and back-office, to achieve greater efficiency while maintaining performance. Our India office will enable us to meet these and other emerging client demands in the future,” Howard T. Weinstein, FinServ Managing Partner, said in a release on 8 June 2021 from New York.
Lee Schare, FinServ Founding Partner, added, “In India, back and middle office managed services are dominated by a few large players with commoditized offerings. Our India office staff has already received positive client feedback conveying that FinServ’s team is more hands-on and engaged, delivering a responsive and customized level of service.”
Robert Aurigema, CFO, RTW Investments, commented, “FinServ has helped us automate some of our most complex processes, offering better control and increased scalability. The team’s ability to marry a deep business understanding with the development of technology solutions is impressive and rare. Their project management team delivers comprehensive solutions to a variety of business challenges in a timely manner and with a consistent high quality that we have come to expect from them. We look forward to continuing to grow our relationship with FinServ.”
FinServ Consulting is a technology consulting firm serving alternative asset managers, global banks, and their service providers. Founded in 2005, FinServ’s world-class team offers expert guidance in the design and integration of innovative technology solutions tailored for unique client needs. FinServ’s competitive advantage is deep industry experience, technical expertise, and effective project delivery methodologies. FinServ’s white-glove client service emphasizes dedicated, onsite project teams proven to deliver on-time and on-budget. #investment #banking #technology /fiinews.com
