The Wealth Management IT Systems Outsourcing rankings are based upon eighteencriteria of operational excellence, including technology innovation, clientrelationships and trust, breadth of offering and customization.
Outsourcing is becoming more popular as wealth management industry executivesbecome more comfortable with the robustness of the outsourcers systems andcapabilities, especially in times of regulatory change, noted Doug Brown, co-authorof The Black Book of Outsourcing and a principal of Brown-Wilson Group. Virtusais at the top of a very exclusive group of high-quality IT systems outsourcers inthis evolving, fast-growing industry.
We are extremely pleased to be recognized by Brown-Wilson Group in The Black Bookof Outsourcing for our innovative work in the wealth management arena, said KrisCanekeratne, Virtusa Chairman and CEO. For financial institutions that offerwealth management services, the focus must be on how IT can deliver more agilesolutions to increase operational efficiency and improve customer experience. Virtusa s software platforming approach has enabled our wealth management clients toenhance their customer-facing applications opening accounts faster, offering newproducts and services seamlessly, and providing superior customer service to theirhigh-net worth clientele.
Black Book s Top Outsourcing Vendor Rankings in the Wealth Management IndustryReport will be released at tomorrow s FS Outsourcing Wealth Management IndustrySummit in New York, where Virtusa executives will present on Emerging Trends inBuilding Agile IT Solutions in Wealth Management.
About the Black Book Top Outsourcing Vendors & Top Advisors Rankings
The Black Book initiative sponsors the only annual, independent, non-biased rankingof 300 outsourcing advisors and 4,500 vendors as completely scored from over 20,000outsourcing users' and clients' ballots. The Top 50 Best Managed Global OutsourcingVendors ranking is based on twenty-six measures of leadership excellence, includingclient satisfaction with senior management direction, leadership impact onoutsourcing results, business transformation practices, client relations management,and indicators of C-level officer commitment. Sublists in twelve categories ofoutsourcing cover over 500 outsourcing functions, in 40 industries, from multipleorganization sizes and locations. Sublists are rankings based on eighteen criteriaof operational excellence and client satisfaction with outcomes. Surveys areconducted each year, currently in the fourth update, beginning in March with resultsannounced in June.
About Virtusa Corporation
Virtusa is a global information technology (IT) services company providing ITconsulting, technology implementation and application outsourcing services. Usingits enhanced global delivery model, innovative platforming approach and industryexpertise, Virtusa provides cost-effective services that enable its clients to useIT to enhance business performance, accelerate time-to-market, increase productivityand improve customer service. Founded in 1996 and headquartered in Massachusetts,Virtusa has offices in the United States and the United Kingdom, and global deliverycenters in India and Sri Lanka.
"Virtusa" is a registered trademark of Virtusa Corporation.
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