The bank beat the analyst consensus with its earnings before one-time charges that included restructuring and asset amortization, reporting 65 cents per share versus the 57 cents per share expectation.
Traditional MDM capabilities such as provisioning, policy enforcement, asset management, administration and reporting, are begging to standardize across multiple offerings that increasingly provide similar capabilities.
Bundled services relationships where a single firm provides asset allocation, manager selection, performance reporting, custody and trading are fraught with dangers.