Investment Managers producing Portfolio Risk Analytics face scathing quality issues often attributed to underlying data requirements
“Data quality issues are impeding many of the benefits many investment managers have targeted from their risk and quantitative portfolio analytics programs,” remarks Dave Merrill, the new Head of Risk Management and Portfolio Analytics services for InvestTech Systems Consulting, LLC, a leading provider of investment operations, technology and data management services to asset management firms worldwide.
InvestTech’s expansion into Risk services was driven by a dramatic increase in demand from its clients exposed through both EDM and risk driven projects. President and Co-founder, Jeremy Hurwitz, shared that "InvestTech clients are asking for help with longer term strategy and prioritization, as well as specific solution searches, implementation and data support in the Risk areas.” He added, “Investment Managers face real challenges in this area given the long list of priorities and potential activities needed to improve risk measurement and analytics, as well as applying the results. The dependencies on other systems, processes, experts, and quality data leverage InvestTech’s existing practice strengths and experienced professionals. Dave brings proven leadership experience, domain knowledge, and the ability to work with clients across functions – all of which is critical as Risk Analytics truly sits in the middle. Support and confidence are vital.”
In his role, Dave will lead the development and delivery of strategic planning as well as investment technology and operations consulting services for InvestTech's clients with focus on Investment Risk Management and Analytics. His mandate encompasses vendor/provider strategy, risk system and service provider selection, application implementation and risk data integration. Dave brings 20+ years of industry experience, most recently as the CEO of FinAnalytica and Managing Director at Moody’s KMV -- both in the portfolio risk space. His deep knowledge of both market and credit risk and the challenges firms face as they strive to agree and successfully execute on strategic plans to increase their capabilities and ultimately their investment performance will be a strong compliment to the operational and technology risk consulting InvestTech currently provides. Dave will leverage existing staff with expertise in project management, quantitative analytics, risk, data and performance.
In discussing the new practice and joining InvestTech, Dave commented, “InvestTech has the knowledge and foundation required to support clients in the area of Portfolio Risk and Analytics. InvestTech is a leader in delivering data management strategies and solutions to the investment management industry. Data issues have hampered many risk projects by limiting the quality of the analytics. Having worked with clients for many years in this field, but for specific vendors offering products, I am excited about the opportunity to be completely objective, supporting clients to meet and exceed their goals in this critical area.”
As a leading investment technology, operations and data management consulting firm, InvestTech has a proven track record of designing and implementing investment systems strategy optimized for buy-side asset managers. InvestTech’s hands-on knowledge of the investment management process, vendor products and expertise with all asset classes has helped their clients enable business growth through added capability, cost and process efficiency, and control in all areas of their business. To help launch the risk practice, InvestTech is releasing a focused survey exclusively for Investment Managers. The survey will gauge how companies view their progress against goals, current capabilities and priorities, as well as the challenges they face. Participation is anonymous, and the survey findings will be shared with the community of respondents. To participate in the survey, please contact InvestTech.