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The Conference Board
Financial Services Companies Adjusting Globalization Plans, Say Researchers From The Conference Board and Duke University
June 13th, 2010
The push by financial services and insurance companies to establish new offshore operations leveled off in 2009. At the same time, firms seeking cost reductions show greater interest in contracting with large international service providers to benefit from their economies of scale and scope, rather than creating fully owned offshore subsidiaries.
These are among the findings of Financial Services Offshoring: Moving Toward Fewer Captives and Global Cost Competitiveness released, which is based on the fifth annual study on offshoring trends by the Center for International Business Education and Research's (CIBER) Offshoring Research Network (ORN) at Duke University's Fuqua...
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Source: Insurance Business Weekly (2010-06-13)