The Risk
Institutional Investors appoint Global Custodians for their fund administration and accounting, settlements, and corporate actions across multiple assets classes: equities, bonds, cash, derivatives, hedge funds, real estate, and private equity. Global Custodians support investment across markets and appoint sub-custodians (agent banks) in markets where they do not have a presence. Choosing and reviewing global custody arrangements is a critical task that Institutional Funds undertake regularly, but opaque fee structures, lack of transparency and a disinclination to move assets can leave Funds underserved and over-charged.
The Solution
Thomas Murray's Fund Advisory team are experts in Securities Services. They carry out consulting engagements, benchmarking reviews and RFP processes for Asset Owners and Asset Managers to find the best possible global custody arrangements, and to ensure they are compliant with their counterparty evaluation, selection, and monitoring requirements.
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
Media Monitoring as an ODD Signal: What to Watch For
Reputational signals move faster than annual reviews. Here's what real-time media monitoring should catch in operational due diligence, and why.
From Red Flag to Redline: How Cyber Findings Actually Change Deal Terms
A cyber finding rarely kills a deal, it can and does, however what it does far more often, is move it: from a line in a due diligence report to a redline in the SPA.
Financial Statement Red Flags: An Operational Due Diligence Perspective
Audited financial statements are one of the richest, most under-used sources of insight into a manager's financial health. Here's what actually predicts stress, and how financial analysis fits within a broader operational due diligence framework.
Why Summer is a Blind Spot in Private Equity Risk Oversight
Threat levels don't take annual leave. Why PE firms need continuous cyber oversight of portfolio companies, not seasonal assessment.
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