Bank of New York's Investor Services Wants to Do Your Dirty Work
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NEW YORK--The Bank of New York has spent $140 million in the past three years in an effort to get your money. If the question is whether or not to outsource your middle-office functions, the bank hopes the answer will be yes, and with theirs at that. JP Morgan Investment Management (JMIM) is in the midst of a three-year process doing just that.
So if BNY has built the systems to handle its scope of business to the tune of $140 million and counting, and it is willing to become an outsource
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