Software vendor Vermilion has announced that Ashmore Group has gone live with its Vermilion Reporting Suite (VRS), following a four-month implementation.
Ashmore Group manages around $70.1 billion in pooled funds, segregated accounts and structured products, and decided to automate its client reporting processes last year. VRS was selected after Vermilion delivered an operational prototype.
"During the vendor selection process it became very clear that VRS provided the necessary tools for us to deliver the quantity and type of reporting required," says Graeme Donald, Group Head of IT of Ashmore. "We were impressed by the expertise Vermilion displayed in delivering the operational prototype and now going live with the delivery of our global factsheets."
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