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Generally, the back and middle office involves non-revenue generating operations related to risk management and ensuring proper execution of transactions. [2] Three contributions to middle office. The middle office plays numerous roles in financial services organisations and investment banking.
Operations specialists provide to their shipboard or shore-based command a wide range of technical information and assistance related to anti-surface warfare, anti-air warfare, anti-submarine warfare, amphibious warfare, mine warfare, naval gunfire support, search and rescue operations, radar and dead reckoning navigation, overt intelligence ...
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Banking business process outsourcing or banking BPO is a highly specialized sourcing strategy employed by banks and lending institutions to facilitate the business acquisition and account servicing activities linked with the customer lending lifecycle.
Fund administration is the name given to the execution of back office activities including fund accounting, financial reporting, net asset value calculation, capital calls, distributions, investor communications and other functions carried out in support of an investment fund, which may take the form of a traditional mutual fund, a hedge fund, a private equity fund, a venture capital fund, a ...
In overseas operations the bank expanded by adding new branches in Belgium and China with three offices, and acquired a listed bank in Indonesia, the first-ever such acquisition by an Indian bank. The bank also instituted a trust 'Abhay' for financial education and credit counselling, an initiative, first of its kind in India.
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