The Risk
Depositary Banks, Fund Management Companies and others need to protect investors' data and assets by proactively monitoring their service providers. Regulations such as AIFMD and UCITS V require banks to perform due diligence over a fund's organisation, procedures, and controls, as well as its service providers. At the same time, UCITS Management Companies and Alternative Investment Funds (AIFs) are under increasing pressure in Europe to monitor delegated activities such as transfer agency, fund distribution, administration, accounting, investment management, IT services and others. Increasingly, Fund Platforms are a service providers of interest, responsible for the safekeeping and administration of securities under custody. Given the wide range of services they can provide, a comprehensive assessment is essential.
The Solution
Thomas Murray's Fund Platform Monitoring solution eases the burden on banks and funds by administering a managed service to collect data, generate a report based on a standardised proprietary methodology and maintain data in a structured form. Thomas Murray generates a detailed assessment with overall and sub-risks rated AAA to C.
Key risk assessed include:
Asset Safety
Assert Servicing
Financial
Operational
We safeguard clients and their communities
Petroleum Development Oman Pension Fund
“Thomas Murray has been a very valuable partner in the selection process of our new custodian for Petroleum Development Oman Pension Fund.”
ATHEX
"Thomas Murray now plays a key role in helping us to detect and remediate issues in our security posture, and to quantify ATHEX's security performance to our directors and customers."
Northern Trust
“Thomas Murray provides Northern Trust with a range of RFP products, services and technology, delivering an efficient and cost-effective solution that frees our network managers up to focus on higher Value activities.”
Insights
ODD Is More Than Questionnaires
Most investors and allocators would struggle to name the last time a due diligence questionnaire predicted a fund manager's operational failure.
5 Ways Cybersecurity Reduces Exit Valuations
Cyber weaknesses quietly erode deal value. Discover five ways they reduce exit valuations and how to increase exit valuations across your portfolio.
Common Operational Red Flags Investors Miss in Due Diligence
Operational failures rarely come with warning signs until you know what to look for.
The Hidden Costs of Spreadsheet-Based Due Diligence
For decades, spreadsheets have been the default tool for operational due diligence. But the costs of this approach are becoming impossible to ignore.
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