Panelists Question Future of Back-Office Operations
A C-level panel at the North American Buy-Side Technology Summit 2016 discussed where the benefit is in firms' back offices going forward.
Bill Murphy, CTO at Blackstone Group and moderator of the event's C-level panel, asked the panelists what they believed the state of their back-office would be in the future.
"Clearing, settlement, technology, customer service. In five years, does it have 20 percent more people? The same number of people, 20 percent less, 50 percent less or 80 percent less?" Murphy asked.
Apurva Mehta, CTO and head of architecture at UBS Wealth Management Americas, was the first to respond. "It doesn't have my
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