GLASGOW. Britannic Asset Management, has implemented new compliance and risk
management software from LatentZero. The system, called Sentinel, constantly
checks investments to ensure they adhere to clients' mandates and satisfy
financial regulations around the world.
Using Sentinel, Britannic Asset Management, which is based in Glasgow, is
able to test every trade instantly against a database that encompasses both
regulatory and client-imposed restrictions, together with internal portfolio
management guidelines. Checks are automatically made both before and after
each deal. Funds are also monitored on an ongoing basis to ensure they do
not breach rules as market prices change.
Lindsay Gold, Head of Regulation at Britannic Asset Management said
"Sentinel will enhance our current compliance and risk management controls
and enable us to minimise the risk of investing outside client and
regulatory parameters through front-end pre-trade functionality."
LatentZero, which specialises in compliance and dealing software for asset
management companies all over the world, integrated Sentinel with
Britannic's existing trading room technology.
"Compliance management is a very big issue for asset managers," said Paul
Charie, Sales and Marketing Director of LatentZero. "Investors want to be
assured that their funds are going to be managed according to their own
rules and those of the regulators, and are becoming increasingly interested
in the compliance technology that their fund managers are using."