Fidessa group plc (LSE: FDSA) has today announced that GW&K Investment Management (GW&K), the Boston based multi-asset investment firm, is live on Fidessa's Sentinel Compliance Service for fully managed, comprehensive compliance.
Sentinel provides an efficient and cost-effective solution for investment managers to manage their compliance processing including rule coding, regulatory updates, data management, platform upgrades, and day-to-day operation of the platform. The service significantly reduces operational costs for GW&K, which manages $20B in US Equity and US Taxable Fixed Income and Municipal Fixed Income, across Institutional, Advisory and Private Client lines of business.
Megan Costello, President of Fidessa's North American Buy-side business, comments: "By centralizing compliance onto the Fidessa service, GW&K now operates a scalable, efficient and robust compliance operation. Fidessa is providing a real and practical way for firms like GW&K to manage the challenges facing the global asset management community on a daily basis."
Fidessa's fully managed Sentinel service is built on a scalable, real-time rules engine, supporting the complex global pre- and post-trade compliance workflows demanded by the investment management community. It is quick and easy to integrate within an organization and involves minimal operational overhead. The service is fully adaptable for any fund structure and covers all regulatory jurisdictions and asset classes.