Citisoft, a London-based investment management consulting firm, has launched an exit strategy and outsourcer planning services to support asset managers mitigate the risks.
Citisoft said that it will consider a defined list of the potential exit-planning options in both voluntary and forced exit scenarios.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The new exit planning service will sit alongside Citisoft’s recently launched ‘KYO-40′ (know your outsourcer) toolkit, a 40-day service designed to help asset managers fast-track their response to the FCA and other regulators’ concerns about outsourcing oversight.
Last year, FCA has warned asset managers that they have insufficient contingency plans in place to deal with a failure of their service provider resilience risk and inadequate oversight of their service provider oversight risk.
Steve Young, CEO, Citisoft: "In this way we are extending our existing KYO-40 oversight and resilience service. Our Exit Planning service is about redressing that imbalance, providing asset managers with detailed plans and timeframes in order to migrate away from an outsourcer, should this become necessary."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
