Industry News
Tom Secaur Discusses Hidden Costs of Custody Bank Price Cuts
Tom Secaur discusses fee pressures fund managers are currently facing and the effects of rising markets increasing costs for back-office services with Ignites.
"It doesn't take a rocket scientist to understand that paying higher fees when product families and transaction volumes are staying the same is a potential outcome," Citisoft's Secaur says.
Secaur also commented on shops requiring fee benchmarking. "Particularly in the middle office, 'service providers for years have been struggling to price these deals correctly,' and in some cases are taking a step back and getting a bit firmer on rate cards..."