The asset management industry has shown signs of growth after the economic downturn. Firms are increasingly concerned with their ability to keep up with globalization, perform at scale and work with end-clients that are demanding transparency and insights into their holdings and their respective performance. Investment firms in Africa have the same complex IT needs as their counterparts in more developed markets and require global reach, the ability to trade in multiple currencies and asset types, the automation of non-core processes and cost-effective implementation and integration of financial systems.
Liezl Myburgh, Head of Operations at Sanlam Private Investments, said: âThomson Reuters PORTIA was the smart choice for us because the solution provides global capabilities while simultaneously meeting our local needs through simple and cost-effective customization. We look forward to working with the Thomson Reuters PORTIA team â their proven ability to implement the solution and to provide us with comprehensive service and support will enable us to further strengthen our business, bolster our operational efficiencies and provide improved service to our clients.â
Christy Bremner, Global Managing Director of PORTIA, Thomson Reuters, said: âWe are pleased to provide Sanlam Private Investments with middle-to-back office solutions that meet their complex, global needs. We are observing substantial growth in financial markets in sub-Saharan Africa and believe there is a pressing need for financial technology solutions that provide investment managers with global reach and capabilities. Working with Sanlam Private Investments demonstrates our commitment to serving the needs of firms in sub-Saharan Africa.â
Thomson Reuters PORTIA provides a broad set of middle to back office capabilities that allow investment managers to track and manage the day-to-day activity in investment portfolios, which are needed to support global accounting requirements. Offered on a deployed and hosted basis, the solution supports a broad range of functions including corporate action processing, internal reporting, client reporting, regulatory reporting, performance measurement and attribution and post trade compliance. Thomson Reuters PORTIA is the choice of investment managers in over 40 countries who manage assets totaling more than US $10 trillion.