Asset Managers Grappling with Strategies to Overcome Operational Obstacles (Using Video Evidence)
In the dynamic world of fund management, finding the right service provider is crucial for achieving a balance between scaling, innovating, and maintaining operations. Joe Latini, the Chief Commercial Officer at MUFG Investor Services, shares his insights on this matter.
According to Latini, a service provider should possess comprehensive expertise in capital markets and regulatory frameworks. This knowledge is essential for navigating the complexities of the industry and ensuring compliance with regulations.
Robust automated and scalable capital management services are another key requirement. These services should ensure operational efficiency and risk minimization, key factors in maintaining smooth operations.
Integrated digital solutions for efficient investor onboarding and real-time fund reporting are also important. These solutions streamline processes and provide valuable insights, enhancing operational efficiency.
Seamless regulatory reporting and compliance support are equally vital. A service provider should be able to provide support in this area to help fund management firms stay on the right side of the law.
Strong organizational and technological governance is necessary to guarantee full compliance and legal security. This governance should be in place to protect fund management operations and ensure they are operating within the law.
A global presence is another attribute that Latini highlights. With fund management firms operating in multiple regions, a service provider should have the ability to support them across the globe.
The service provider should also have a flexible and adaptable approach to accommodate changes in the fund management landscape. The industry is constantly evolving, and a service provider should be able to adapt to these changes.
Latini stresses the need for a service provider to have a strong understanding of the fund management industry. This understanding is crucial for providing tailored solutions that meet the specific needs of fund management firms.
The service provider should also have the capacity to support innovation in fund management processes. This support is essential for helping fund management firms stay ahead of the curve and capitalize on new opportunities.
Customized solutions are also important. A service provider should be able to offer solutions tailored to the specific needs of fund management firms, rather than a one-size-fits-all approach.
Lastly, a service provider should have robust security measures to protect fund management operations. With cyber threats on the rise, this is a crucial requirement for any service provider.
Joe Latini believes that MUFG Investor Services, a service provider that he is affiliated with, meets these requirements and can help fund management firms achieve their aims of scaling, innovating, and maintaining operations. However, he emphasizes that a proven track record of delivering reliable and efficient services is also important when choosing a service provider.
Fund management firms are at a crossroads, needing to scale and innovate without disrupting their operations. By choosing the right service provider, they can achieve this balance and continue to thrive in the competitive world of fund management.
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