advent.com | info@advent.com Lessons from a Pandemic: Outsourcing for Business Continuity and Disaster Recovery THOUGHT LEADERSHIPIn mid-March 2020, virtually every asset and wealth management firm in the US was forced to shutter its offices and make the dramatic shift to remote work. Many firms had to activate their business continuity plans (BCPs) for the first time. Working from home raised significant security questions and compliance risks. Firms were challenged to connect with the critical systems they relied on for trading, transaction processing and accounting. It didn’t help matters that the markets went into a tailspin and investors were justifiably anxious. Although the markets soon recovered, and the industry has earned high marks overall for its handling of the pa

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