TITLE

OUTSOURCING HEADACHES

AUTHOR(S)
O'leary, Christopher
PUB. DATE
November 2004
SOURCE
Investment Dealers' Digest;11/29/2004, Vol. 70 Issue 46, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that many market observers believe that ABN Amro deserves credit for being a pioneer in offering financial services outsourcing to corporate clients. Its Dublin-based International Financial Services Co. has been offering some form of treasury outsourcing services, including risk and liquidity management and netting, since 1988, but things really began to pick up at the beginning of the current decade. Its clients are roughly 50% European and 50% American. The growth of its outsourcing business has several drivers. In the late 1980s, Ireland was keen to attract corporations, so its government passed a host of tax incentives that made Dublin an appealing location for U.S. companies looking to get a foothold in Europe.
ACCESSION #
15224136

 

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