Allianz Global Investors to outsource middle office
The asset manager, part of Germany’s Allianz group, is finalising a global deal to use a third party for services such as fund accounting.
Highlighting a growing trend among fund managers, Allianz Global Investors will outsource its middle office as part of a move to establish a common back-office platform for RCM, the Allianz group’s institutional asset-management arm.
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