Central banks seek external advisory and asset‑manager support for building internal investment capability

Central banks seek external advisory and asset‑manager support for building internal investment capability The passage describes a broad, industry‑wide trend of central banks hiring external managers for technical advice and systems support. It contains no specific names, transactions, dates, or controversial actions linking high‑profile individuals or institutions to misconduct, so its investigative value is low. The content is largely generic and already known in the public domain. Key insights: 87% of surveyed central banks already use external asset managers for part of their reserves portfolio.; Central banks prefer to develop internal capacity before outsourcing first‑tranche investments.; External managers are expected to provide technology advisory, systems support, custodian services, and broker relations.