24 February 2018
Visit www.capgemini.com/worldreports

Citisoft expands system selection to private wealth and hedge fund markets

20 October 2004  |  978 views  |  0 Source: Citisoft

Citisoft, the specialist investment management consulting firm, today announced the expansion of its system selection service for the hedge fund market together with an update to its private wealth management system selection methodology. These moves reflect the rapid expansion in the number of technology solutions now available to private wealth management and hedge fund organisations. In response to client demand for swift and accurate assessments of the vendor market landscape, the customisable service is designed to rapidly match the technology and business requirements of investment managers against the functionality of the solutions available.

Citisoft has always offered a structured evaluation service to institutional asset managers but has now broadened its vendor expertise relevant to private wealth and hedge funds. The expansion of the service has been driven by the growing demands amongst these market segments for cost-efficient and scalable technology support. Using vendor-supplied information, the service catalogues the functional offerings of the available solution providers in the market. After consultation with the client, the investment manager's unique needs are systematically matched against these functionalities. Those vendors with the closest match are selected to go on to take part in a full request for proposal (RFP) process; saving both the client and vendor time and money.

Howard Mannion, Assistant Director, Citisoft, comments, "Many private wealth management firms are using outdated legacy systems whereas the hedge fund market has typically relied on the prime brokers or their administrators for technology support. The recent growth in demand in these markets has meant that both are now keen to find technology solutions that will enable them to capitalise on this demand and support them as they grow. We have helped many of the largest international institutional asset managers rapidly evaluate whether suppliers can provide a high quality, long-term service at the right cost, and we are now looking forward to expanding our recent success in offering this same service to many within the hedge fund and private wealth space."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit www.vasco.comVisit http://info.nice.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12148 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10466 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8872 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8323 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7939 views comments | 10 tweets | 14 linkedin

Featured job

Basic c. EUR 90K OTE c. EUR 180K plus full bene...
Paris (preferred) or London

Find your next job