Allan Gray Live on Symmetrix Compliance from Kizen

Allan Gray have successfully implemented Kizen's best-of-breed investment compliance system. Symmetrix Compliance provides a single integrated investment compliance environment offering comprehensive functionality and workflow tailored to the needs of the compliance function. The implementation process was completed over a four month period including a one month parallel run with an existing in-house system.

The power of the system lies in it’s infinitely flexible rules engine that empowers end users to take full control of the rule management function. The sophisticated design utilizes the power of Microsoft .NET combined with 12 years of hands on experience in the asset management market to provide a truly unique product for the investment compliance market.

Investment compliance is increasingly under the spotlight for investment companies as clients and regulators become more sophisticated and the regulators crack down on non-compliant firms and trustees. Symmetrix Compliance has delivered significant benefits to Allan Gray providing for 100% of regulatory rules, client mandates and in-house requirements in one specialised system eliminating the need for spreadsheets and manual processes and reducing the dependence on back-office systems and processes. In addition, Symmetrix Compliance has delivered process benefits to Allan Gray by providing information and workflow tailored to the needs of the compliance function, allowing the compliance team to focus on resolving breaches and other value-add tasks and ensuring the organization as a whole has a clear and concise view of the status of investment compliance at any point in time.

Kizen are pleased to announce a new contract for Symmetrix Compliance with Coris Capital to manage their investment compliance requirements in their multi-manager pension fund environment as well as their unit trust fund area. Further contracts are expected to be signed in the current quarter.

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