Come the following week, there was another announcement that another banking institution has decided to give the green light on outsourcing. Wing Lung Bank, which is a wholly owned subsidiary of China Merchants Bank, has selected Accenture (NYSE: ACN ) to provide them with management consulting services. The collaboration between Accenture and Wing Lung Bank would aid the latter in its initiative to provide an enhanced service to their clients, as well as integrating operations between Hong Kong and China. The duration of the partnership between Accenture and Wing Lung Bank was not mentioned in the press release. Another area of the Banking, Financial Services and Insurance industry has also embraced outsourcing this month. SEI (NASDAQ: SEIC ), a provider of outsourcing solutions mainly focused on investment and hedge funds, has been selected by Estlander & Partners to become its partner in conducting its hedge fund work processes.