Kenanga Investors Berhad (KIB), an asset management firm in Kuala Lumpur, Malaysia, has specified SS&C Technologies’ Portia middle-to-back office investment operations platform to support its investment management business.
The technology investment is part of the growth strategy at KIB as the asset manager needed a better operational platform that could support their expanding multi-currency trades and provide the flexibility needed to meet the firm’s extensive client and regulatory reporting duties.
SS&C’s Portia solution offers global securities coverage, connectivity and multi-currency capabilities, allied to in-built messing and reporting capabilities, which made it ideal to meet KIB’s business requirements.
“As we continue expanding our market we need the ability to bring new products and investment strategies to market quickly and at the same time, meet the evolving regulatory and client reporting requirements,” said Abdul Razak Bin Ahmad, chief executive officer (CEO) at KIB, when discussing the rationale behind the technology selection. “SS&C’s proven global investment accounting capabilities will streamline our investment operations processes, allowing us to provide a diverse offering to meet our clients’ investment needs.”
The SS&C Portia solution provides a broad set of middle-to-back office capabilities so that investment managers can track and manage the day-to-day portfolio activity. It can be deployed ‘off the shelf’ or on a hosted Software-as-a-Service (SaaS) basis as in the KIB case. Functions supported include corporate actions processing, internal reporting, client reporting, regulatory reporting, performance measurement and attribution, and post-trade compliance.