Expanding Financial Services Company through managed service agreement…

I received a call from an internal recruiter looking to add 2 on-site recruiters with their expanding Financial Services partner. They signed a 3-year contact as the company’s only Managed Service Partner in late 2006, so the contact expires in late 2009. I am sure there are performance requirements in the contact too, which could be a concern…

I love the concept of Managed Service Partners and the scalability it offers companies. However, with all of the issues in the Financial Services industry is this a move that is too risky to take?

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If the company is not completely invested in mortgages or mortgage backed securities, your risk should be okay. Check to see to see if the company diversified in other financial areas - if so, that means there is longevity.

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