Fundamentals of Global Operations Management

Chapter One

The management of operations in organisations within the financial services industry is a diverse challenge. The complexity of today's financial markets is reflected not only in the provision of the operational support and administration functions within major banks, fund management companies and brokers, but also in private investment, corporate business and the administering of the government in many countries. Trading and investment strategies become ever more innovative as new products are developed to hedge, speculate, arbitrage and invest. With each new product comes the need to administer the transaction, to clear and settle the trades so that the legal ownership is recorded and the relevant payments made. As the complexity of trading and investment increases so the demands on the operational team ... read full excerpt from Fundamentals of Global Operations Management ebook