A survey by YouGov for BNP Paribas Securities Services, has revealed that outsourcing back office functions by banks and brokers is now the norm. The survey of 50 senior figures states that price is not the deciding factor when picking an outsourcing provider with service and quality of products being more important. 78% of those that took part in this survey claims they outsource as a long term strategy leaving them to focus on their core activities while only 4% say the reason is cost savings.

Grant Thornton research finds 2 in 5 companies are open to outsourcing