A leading outsourcing service provider was building a strategic platform to support investment operations, migrating existing clients operations to this platform from legacy systems and implementing new clients' operations directly onto this strategic platform. A team of Citisoft consultants were engaged as business analysts in trade processing, pricing, performance, client reporting, and data management workstreams to aid the development of the platform and migrate clients on to it .
A leading Investment Adviser engaged Citisoft to conduct a strategic assessment of their operating model. The goal was to transform and re-align operations to support the growth of Institutional, High-Net Worth and Retail opportunities globally and to establish an operating platform which mitigates risk, improves service, provides scalability and flexibility, and support region growth. Citisoft created a strategic roadmap that outlined recommended changes to the firm's people, process, and technology.
Citisoft was engaged by a Multi-Strategy Hedge Fund to perform a current state assessment of the collateral department, identify areas of risk, and recommend tactical and strategic improvements to the current environment which would minimize counterparty credit risk, operational risk and reduce operational demands. Citisoft identified areas for improvement and synthesized recommendations into tactical projects which would have a quick time to market with few resources. Subsequent to the evaluation and based on Citisoft’s recommendations, a tactical initiative was launched to place controls and enhance processing around our client’s existing processes and technology. Citisoft was retained to assist the client with the execution of the tactical initiatives including project management and implementation.
A leading Global Bank engaged Citisoft to manage a broad rationalization program within its Investment Management division. Citisoft led a cross-functional team in successfully converting more than 1400+ institutional accounts, mutual funds, and separately managed accounts from six disparate platforms onto a single portfolio administration system. This effort included a multi-phased, multi-site program that was delivered on time and under budget.
A leading Investment Advisor engaged Citisoft to manage their PORTIA Re-Platform project, part of the Advisor's Strategic Transformation Plan with the long-term goal of establishing an operating platform which mitigates risk, improves service, and provides scale and flexibility for new products, security-types, channels and regions. The Citisoft team documented and analyzing the current state environment, captured business requirements, and defined an optimal approach for implementation.
Citisoft was engaged by a leading Investment Manager to facilitate the evaluation and selection of a new portfolio accounting system. Citisoft assisted the manager with identifying a short-list of potential vendors to include in the RFP process, developed and issued the RFP, scored and evaluated the vendor responses, coordinated workshops and conducted reference calls for each vendor and presented the overall findings and cost analysis to the team. Citisoft was then retained to lead the implementation effort of the Simcorp portfolio accounting system.
A premier global Asset Manager engaged Citisoft to assist with the implementation of SimCorp’s Dimension fund accounting system after an initial unsuccessful attempt at a conversion. Citisoft actively engaged in the review, analysis, and documentation of the firm’s current fund accounting environment in order to set a baseline for further program validation and requirements gathering. Citisoft’s current state documentation was then evolved to support the design of the firm’s target fund accounting model and the application of that model within the Dimension platform (i.e., system configuration, data definition, reporting, etc.).
A leading Investment Manager partnered with Citisoft to manage the conversion of their distributed fund complex onto a single platform, gaining efficiency, reducing cost, and reducing complexity as a result. Citisoft assisted the client in migrating funds from their proprietary fund accounting system onto their selected outsourcing provider’s solution.
Citisoft has successfully managed the migration and transformation of new investment management clients onto a leading Asset Servicing firm's middle office outsourcing platform. Over the course of many migrations, Citisoft has become one of the service provider's key consulting partners and have played a number of high-profile program management and solution design roles including overall program management, business executive, business analysis, testing, and migration leads.
Citisoft was engaged by the Investment Management arm of a mid-sized global re-insurance organization to manage the evaluation and selection process of a service provider to render performance measurement services for the firm's investment portfolios. Upon selection of the preferred provider, the client engaged Citisoft to manage the global transition and transformation process through completion.