InvestTech Assists Client with Globalization of Investment Management Operations

17 May 2011

Investment management firms and back office service providers interested in globalizing their operations have a lot to consider. Every business process, from trading decisions through to reporting, will be impacted in some way by the changes required to support international investments. It can be overwhelming if you don’t know what questions to ask, let alone where to get the answers.

InvestTech Systems Consulting, Inc., the leading Investment Technology and Investment Operations consulting firm for institutional investment managers, recently completed a successful project for a major provider of middle and back office services enabling their clients to begin investing globally.

Meg Whitman, a Senior Manager with InvestTech, commented, “There are many aspects to consider when introducing global investments - everything from which markets and currencies the client wants to invest in, to the capabilities of their data, service levels and application providers. Comprehensive due diligence is required to ensure that all of the necessary support is in place before global trading begins. New transactions and processes, such as foreign exchange and international tax withholding reclaims, need to be implemented and tested. New data, including exchange rates and international holiday calendars, is required and applications need to be able to consume and use the data. New services, such as cross border trade confirmations, are also essential as is the need to select a Global Custodian who can provide settlement services in the markets in which the clients choose to invest. These are just a few of the challenges to be addressed.”

InvestTech has a wealth of experience with international investment operations, from system selections and implementations to data conversions and report development. InvestTech’s consultants have worked with the leading trading, accounting, and performance measurement applications, and have expert knowledge of the full range of international security types. InvestTech can assist in every aspect of transforming an investment operation’s applications and processes from single to multi-currency.

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