Since 2012, Pentagon has been working with a range of Asset Owners to conduct reviews of their global TOM and we have advised and guided multiple organisations to transform both their technical and operational efficiency.
Many organisations undertaking the management of assets may well agree that the last few years have been a challenge when considering how to apply finite IT and operational development budgets to enhance their business.
New system solutions that support buy-side business practices are offering more sophisticated functions and asset class coverage than ever before, as standardisation in the industry improves and a wider spread of financial instruments are becoming critical to ensure a competitive edge.
It is clear that Investment of Book of Records (“IBOR”) as a topic for conversation is rising in profile in the financial services industry, but what does it really mean?
If you are in the business of managing assets, you will presumably have heard the phrase “IBOR” and be aware that it is a common topic of conversation; in association with an Investment Book of Records requirement and why this is becoming an industry necessity.
For the first time in a number of years, there is a functioning alternative to communications that support securities trade matching and confirmation processes and the retention of advantages associated with automated local matching. SWIFT's Global Electronic Trade Confirmation (‘GETC’) messaging service initiative is gaining momentum.
Pentagon Consulting sponsored a conference on 5th December 2012, at Drapers’ Hall in the City of London, to bring together industry thinking on the topic of Investment Book of Record (“IBOR”). The conference was chaired by the IS Director at M&G Investments.
Risk management within many asset managers has been a detached activity until very recently; in some cases it still is detached from the investment process. A team of quants would typically produce reports and analytics on portfolio positions and supply these to the fund managers for their information. The managers may (or may not) value this input and the way that it is incorporated into their investment decisions is up to their discretion.
Pentagon frequently engages in numerous discussions and projects relating to ‘Middle Office’ activities and enhancement programmes.
