Thomas Murray is pleased to announce a new partnership with International Fund Services & Asset Management S.A. ("ifsam"), the Luxembourg-based fund platform founded in 2001 and one of Europe’s leading B2B fund platforms.
The partnership will set the standard for fund platforms’ monitoring of third-party risk and service quality – a growing area of concern for the sector and across the financial industry. Thomas Murray will work with ifsam to enhance its already well-established Transfer Agency Monitoring programme, initially covering ifsam’s global universe of over 300 transfer agents.
ifsam is an independent, regulated B2B fund platform which offers institutional investors access to more than 120,000 investment funds; it offers a “one stop shop” solution for everything from fund execution to global custody for funds and the surrounding administration. Regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, ifsam maintains investors’ trust through its pro-active approach risk management, as demonstrated by this latest partnership.
Thomas Murray is a leading provider of risk, monitoring and compliance solutions to financial institutions. It maintains technology-led, third-party risk management programmes on behalf of its clients, and currently monitors over 2,000 financial counterparties. Based in London, Thomas Murray is an independent provider of technology, market data, risk and compliance services to a global client-base of over 100 banks, funds and financial market infrastructures.
David Dickinson, Thomas Murray’s Global Head of Client Relations, said:
We are delighted that ifsam has chosen to partner with Thomas Murray. As the first fund platform to do so, ifsam is demonstrating its pro-active approach towards risk management and an intention to set the standard for third-party risk in the sector. We are confident that Thomas Murray will deliver an outstanding solution, bringing value to ifsam and its clients and creating a blueprint for fund platforms’ third-party risk management.
Dr. Danny Stutz, ifsam’s Head of Business Management said:
We are excited about our strategic partnership and the opportunity for Thomas Murray to be helpful to ifsam and its clients and to shape the future of the financial risk management industry. By bringing together the best of both Thomas Murray and ifsam, we look forward to creating new standards leveraging transfer agent monitoring, data analytics and regulatory compliance.