Schroders Builds Out Babel from Bravura

luxembourg
Schroders has some £196 billion in assets under management

Coupled with its use of Bravura's Global Fund Administration System, the implementation of Babel will aid Schroders in developing its straight-through processing (STP) capabilities. Its transfer agency business will now be centered through a hub in Luxembourg, with private connections to institutions such as the Depository Trust and Clearing Corporation (DTCC) and National Securities Clearing Corporation (NSCC) active for high speed US trade, along with other regions.

"Direct connectivity to NSCC, using Babel to replace our previous arrangement of access via an intermediary agent, has brought us closer to our clients in the Americas and has enabled us to deliver a higher quality of service," says Gary Janaway, head of operations at Schroder Fund Services, Luxembourg. "Using Babel we have been able to extend our service offering to include options such as the NSCC Automated Customer Account Transfer, a service requested by our broker-dealers."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here