Boutique London & Capital, a leading independent firm of investment advisers and fund managers, saw assets under management double from $1 billion in 2003 to over $2 billion in 2006, and recognized the need for an automated solution that would help reduce its operational and financial risk by reducing errors and processing inefficiencies and identifying exceptions early in the trade lifecycle.
London & Capital selected SunGardâs STeP intelliMATCH because of its flexibility and ease-of- use. Cliff Warner, chief operating officer at London & Capital, commented, âBecause we have relationships with multiple service providers, all of which present their data in different ways, we require a solution that is easy to integrate with our business model and highly flexible to accept data from our in-house systems, as well as from our service providers. STeP intelliMATCH is easy to configure and provides a generic data model that helps us to match many asset classes and security types, and search on virtually anything. In addition, the real-time dashboard helps us to have an up-to-the-moment view of our reconciliations process â a key element in our ability to improve operational efficiency.â
Tom King, president of SunGardâs STeP business unit, said, âWe are pleased that London & Capital decided to automate its matching and reconciliation with SunGardâs STeP intelliMATCH. We see a growing need in the fund management industry to improve operational efficiency and reduce risk. The flexibility of STeP intelliMATCH and its ease-of-use will help London & Capital to achieve this by providing a flexible system to accommodate new trading partners and new security types.â