EY refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
How EY can help
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We help you effectively harness the power of technology to simplify, rationalize and centralize your firm’s operations, clearing the way to improve efficiency and extend product capabilities to attract new investments.
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To address these challenges, the organization needed to modernize its front-office technology. One aim was to create greater efficiencies – but, just as importantly, there was also a desire to leverage technology to drive growth and make it easier to launch new products.
However, its operations were increasingly hampered by a proliferation of legacy technology systems, thereby contributing to the problems faced by portfolio managers. The organization was keen for the best-performing individuals to have more decision-making authority across various funds, in order to maximize ROI. However, because the funds straddled different lines of business and legal entities, this involved working on multiple investment management platforms that were not integrated, making it difficult for the portfolio managers to get a single overview of how their funds were performing. Similar issues arose with the platforms supporting other key functions such as cash management, order management, and compliance.
EY has extensive experience in technology transformation and were engaged to assist the asset manager with its front-office transformation project. The key outcome was the replacement of several existing order management systems with new trading platforms for fixed income and equities businesses. Alongside that, EY enhanced the organization’s compliance function by consolidating legacy technology, upgrading to a new firm-wide data model, and rationalizing compliance rules to a single investment compliance engine.