Investment management firm Invesco is rolling out XcitekSolutionsPlus' corporate actions processing platform, XSP, at its offices in London and Hong Kong.
Invesco currently uses XSP at many of its US sister company offices to automate corporate actions processing, but will extend the implementation to its offices in Europe and Asia under a global enterprise-wide license agreement.
Mark Heaney, head of global investment administration, Invesco UK, says: "After evaluating the leading corporate actions solution providers, we have taken the decision to implement XSP globally. This presents us with the opportunity of leveraging off our US sister companies who have been using XSP for several years."
As part of the new license agreement, Invesco will also roll out the vendor's Web-based notifications and response capture processing module, eTran, to its fund managers, as well as ISO 15022-compliant messaging for communication of notifications and elections to global custodians.