STP: Shedding the Leftover Inefficiencies
The age-old problem of achieving straight through processing remains a challenge for some buy-side firms today. But time is running out.
Five years ago, when Erik Kaland, COO of Storebrand Asset Management, joined the firm, he inherited a problem. Norway’s largest investment manager was laboring under decades’ worth of built-up issues—structural inefficiencies; manual processes; custom-built technologies and fragmented systems architectures all combined to create a costly, ineffective technology base at the business.
Worse, some of the employees who had put this in place, or developed the platforms in the first place, had left
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