Citisoft is proud of our dedication to the investment management community. We remain ‘Buy-Side, By Choice.’ As a service to our clients and the investment management community, we’re selecting pertinent buy-side technology and operations content from the web and providing our take on trends and influences in our industry.
Citisoft Managing Consultant, David Birch offers some insight:
Client reporting challenges are also driving data management projects, consultants say. Many asset managers are working to improve their client reporting output, including documents and materials provided to clients.
The approach to handling transaction data for FATCA reporting should build on both 'male' and 'female' strengths in the organisation.
The European Commission has published proposals for improving securities settlement and access to Central Securities Depositories (CSDs - the entities that operate settlement systems) in order to reduce the current high rates of trade failure, costs and operational risks, particularly on cross-border transactions. The proposed rules, termed CSDR (Central Securities Depositories Regulation), are currently with the European Parliament and Council for discussion with the next steps likely to involve the establishment of a taskforce to develop the specific rules.
Citisoft Principal Beth Cavanagh speaks with Ignites and shares industry perspective on middle office outsourcing. Topics include suitability, how data governance can make or break a relationship and the role communication plays in transition success.
View the full video here. Subcription to Ignites required.
MacKay Shields implements Markit EDM
Markit, a leading, global financial information services company, has rolled out Markit Enterprise Data Management (EDM) to MacKay Shields, a US-based investment firm with approximately $78 billion in assets under management. As part of the implementation, Citisoft, a global investment management consultancy, worked closely with MacKay Shields and Markit, playing an integral role in the management and deployment of the Markit EDM solution.
Citisoft demonstrates data management industry leadership in a recent article on Ignites:
Data management has been a top technology and operations initiative for some fund firms in recent years, but selling such a project to top management is a continual struggle, operations consultants say.
Instead of looking at good data practices as a defense against grinding back-office gears, firms should see the information on their systems as raw material ready to be refined into actionable information.
