Milestone software will provide oversight for outsourced process.
Schroder Investment Management (Luxembourg) will use Milestone Group's pControl software to enhance its outsourced fund accounting processes.
The program's Fund Oversight module will allow Schroders to monitor service level agreement (SLA) delivery, as well as client service provision. The automated software also allows for granular examination of transactional data when necessary.
"We recognised the need to have a system like pControl in place for some time and had begun to build a proprietary system to manage this process," says Gary Janaway, operations director at Schroder. "When Milestone Group showed us pControl it was clear the solution was exactly what we needed. The software can deal with the multi-class, multi-currency complexities of the investment vehicles we offer, and its flexibility and scalability were critical as we focus on improving the quality and efficiency of the fund services we provide."
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails