In this excerpt from State Street Alpha’s Voice of the Consultant series Jeremy Hurwitz shares his views on the legacy data management challenges asset and wealth management firms face today.
The global financial services industry has undergone substantial transformation, driven by the advent and adoption of cutting-edge technology. Among these technologies, cloud computing has emerged as a key enabler, providing financial institutions such as asset managers, asset owners, banks, and private wealth firms with many benefits. These include cost savings, scalability, enhanced security, agility, and innovation.
Implementing a major new front office solution may have left you and your colleagues fatigued – and relieved it is over. Change is hard. “Experience is something you don’t get until just after you needed it,” said American entertainer Steve Wright – a sentiment shared by many who have recently completed a front office implementation project.
Every 10 to 15 years we see seismic shifts in the FinTech operating platforms, underlying technological components, and skill sets required to ensure operational effectiveness and business continuity.
Daan Smit has been appointed Principal Consultant within Elgin White’s front office practice, adding vast experience and knowledge to the team.
CACEIS is the asset servicing banking group of Crédit Agricole and Santander, delivering added-value financial services for all asset classes. Services provided include execution, clearing, custody, depositary, and asset valuation in markets worldwide.
CACEIS, the asset servicing banking group of Crédit Agricole and Santander, has signed a Master Services Agreement with global buy-side technology consulting firm Elgin White to ensure effective client onboarding, responsive client service, and on-time delivery.
State Street Alpha kicked off their Voice of the Consultant series by interviewing Jeremy Hurwitz, a Managing Director at Elgin White.
Mutual funds have long been recognized as a popular and effective investment vehicle for individuals seeking to diversify their portfolios and participate in the financial markets.
Transfer agents are responsible for managing the transfer of fund units and shares, maintaining shareholder registers and records, and providing a critical service to asset managers and the financial services industry. They are key players in creating and maintaining funds for asset managers. They provide an essential service for the healthy management of the investment markets, and their services are essential to the efficient functioning of the financial system.