Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Rainier Outsources Back-Office Work Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 28, 2010

Rainier Outsources Back-Office Work

Reported by Armie Margaret Lee

Faced with a choice of buying a new suite of application software or outsourcing, executives at Rainier Investment Management have gone with option B. Seattle-based Rainier tapped BNY Mellon Asset Servicing to perform back-office functions.

The contract includes accounting, performance measurement, account opening, account reconciliation, client reporting and client billing.

"All of the resources in the operations area prior to outsourcing have been reassigned to roles focused on servicing our clients," said Rainer's chief operations officer, Melodie Zakaluk, in a news release Monday.

The decision to outsource "allowed Rainier to focus on outstanding client service while leveraging a scalable operational platform," she said.

Rainier, which also has an office in New York, has total AUM of $18.2 billion as of March 31. It manages separate accounts and five mutual funds.

The press release did not state the duration of the contract.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use