Princeton Financial AE Systems, a solution provider to the global investment industry, today announced Administradora de Fondos de Pensiones (AFP) Habitat S.A, the second largest pension fund in Chile's private pension system, selected MIG21 AE for its investment compliance needs.
Partnering with Gesintel, a risk and compliance solutions provider for Chilean and Latin America based firms; Princeton Financial will provide AFP Habitat with the compliance system of choice for seven of the world's ten largest global custodians.
MIG21 optimizes and automates pre-trade and post-trade investment compliance checking, and improves the administration of regulatory, prospectus and internal investment guidelines and resolution workflows. A flexible rules engine combined with advanced data and resolution management tools provide fully auditable controls of the investment process.
AFP Habitat had been searching for a compliance engine to manage complex exposure and trading scenario rules that enhance the speed with which to comply to the Chilean Pension Supervisor regulations, and the capability to meet future compliance obligations as they evolve.
Gesintel S.A. will provide the implementation and post live support to AFP Habitat as the local partner for Princeton. "We are excited for the market in Chile to have an option such as MIG21 for both pre and post trade compliance. AFP Habitat is a highly reputable firm." said Cesar Poblete, Chief Marketing Officer at Gesintel S.A.
"The MIG21 platform supports the evolving needs of firms around the world dealing with multiple jurisdictions, asset classes and funds. Princeton Financial's extensive background in the industry provides us with a deep understanding of the constant challenges faced by our global clients." said Christian J. Farber, Chief Marketing Officer of Princeton Financial System's. "MIG21 is a gold standard for investment compliance and we are pleased to be in partnership with such a notable Chilean firm." About Princeton Financial Systems Princeton Financial Systems, a State Street company, is a leading provider of investment accounting, investment compliance, data management, performan ce measurement, and reporting solutions to the global investment industry. OOur solutions are used worldwide by over 430 leading investment managers, custodians, insurance companies, pension funds, hedge funds, and banks in more than 40 countries.
Our PAM family of systems are leading international investment accounting solutions that support the accounting needs of +370 clients around the globe. Seven of the world's largest global custodians monitor investment compliance with MIG21 powered by its LawCards suite of rule libraries for global compliance.