Source: InvestTech Systems Consulting
InvestTech Systems Consulting, the leading IT and operations consultancy for institutional investors, today announced that it is working with Seattle-based Rainier Investment Management to build a best-of-breed technology infrastructure to keep pace with the firm's rapid growth and to enable it to explore new markets, products and services.
InvestTech Systems Consulting currently advises more than 50% of the largest U.S. asset management firms.
As the most recent part of the engagement, InvestTech helped Rainier make the leap from Advent's Moxy to Charles River IMS V8, an implementation completed late last year. This enabled robust integration to an array of electronic trading tools and destinations for Rainier, provided better visibility into operations and increased the firm's ability to ensure compliance for clients. Now with the advantage of a central repository, Rainier can generate orders easily and quickly.
Rainier Investment Management has nearly doubled its assets in the last 18 months and now manages more than $12.2 billion. Early in 2006, Rainier engaged InvestTech Systems Consulting to conduct a strategic IT study to examine Rainier's investment systems and to help the firm map out a three-year plan.
Drawing on its extensive buy side operations experience, InvestTech is helping to completely rework all of Rainier's processes with the same goal: full automation, complete analysis, increased compliance, better workflows and greater visibility throughout the entire operation.
J. Britt Barrineau, Information Systems Manager, Rainier Investment Management, said, "InvestTech knows the industry from the top down. They know the vendors, the players and have a great perspective on what people are doing and on what they should be doing. It's important to Rainier that we have a partner who really knows the buy side, who can offer best practices and who knows the inner workings of similar firms. InvestTech has great breadth and depth of experience with a wide range of clients in our industry, and their people on the ground are excellent. We are enjoying working with InvestTech, and we respect their insights a great deal."
Patrick Keough, Director of OMS Practice at InvestTech added, "InvestTech is committed to helping our clients make the most of technology to solve real world business challenges and to help them grow by allowing them to explore new markets and offer new products and services. Our engagement with Rainier Investment Management is already yielding the benefits of our combined experience. We look forward to our continued partnership to help them maintain the competitive edge and provide the best service and returns to their customers."