US consultancy FinServ opens an office in Mumbai

22 June 2021 Consultancy.in 1 min. read
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FinServ, a New York-based management consultancy that supports funds and asset management companies worldwide with optimising their back office operations, has landed in India with a new office in Mumbai. 

Launched in 2005, FinServ has helped over 30 of the world’s top 100 hedge funds, private equity funds and other asset management businesses shore up their back end – via customised systems integration, human capital management tools such as Salesforce and Workday, and enterprise resource planning solutions, among several other services. 

The firm has now brought this proposition to India, where it expects a warm reception according to founding partner Lee Schare. “In India, back and middle office managed services are dominated by a few large players with commoditised offerings.”

US consultancy FinServ opens an office in Mumbai

“Our India office staff has already received positive client feedback conveying that FinServ’s team is more hands-on and engaged, delivering a responsive and customised level of service.” With a new office in Mumbai – a vibrant financial hub – the specialist consulting firm is looking to build a name for itself in what is touted as a future economic powerhouse.

Helping things along, according to FinServ managing partner Howard Weinstein, is that many existing funds are looking to reinvent themselves in the wake of the pandemic – meeting remote working needs, a challenging investment climate and squeezed liquidity. Cost cuts and efficiency are the order of the day for most. 

“Funds are increasingly relying on outsourcing work, including managed services for the middle and back-office, to achieve greater efficiency while maintaining performance. Our India office will enable us to meet these and other emerging client demands in the future,” said Weinstein.