Leading Asian Wealth Fund Manager goes live with IMActions
Information Mosaic, the market leader in post-trade securities processing, was announced as the winner of the Global Custodian Awards for Excellence North America 2014. IM won the ‘Best Issuer and Tax Reclaims Service’ award during the recent event at Gotham Hall, New York.
“We are pleased to award Information Mosaic the ‘Best Issuer and Tax Reclaims Service’ provider in this highly competitive category," said Janet Du Chenne, Editor, Global Custodian magazine.
Visiting the London Global Custody Forum today, Paul Fox, CMO & Commercial Director of Information Mosaic commented: “This is an important recognition not only of our technology but our development and client support teams. To win this award for excellence is a marvellous endorsement from our clients. As ever, and we are committed to maintaining high levels of service and continue with our intensive R&D programme.”
A leading Asian Sovereign Wealth Fund has recently gone live with Information Mosaic’s IMActions™ solution, underlining the quality of IM’s solutions and the experience and expertise of its people. The client, one of the world’s largest fund managers, has asked not to be named, but confirmed that the new implementation will bring a host of benefits, one of which is increased straight-through processing of the vast majority of its corporate actions, which now allows the fund manager to focus on high-value, high-risk corporate actions. With a highly complex, broad-based portfolio, Information Mosaic IMActions™ solution was seen as the best route forward, offering efficiencies as well as enhanced risk management capabilities.
“Delivering a highly complex implementation, on time, on budget and with no surprises was the key requirement for our client and is a good example of our ability to meet the needs of the industry’s most demanding financial institutions,” said James Wayne, Head of APAC at Information Mosaic.