Custody Outsourcing

Our client is a private equity-owned, multi-jurisdiction wealth manager, DFM and insurance product provider. They invest in a wide range of asset types including equity, debt and collectives.

Following a period of consolidation and a change to our client’s risk appetite, they chose to implement a new operating model and technology.

This required a new platform to which CASS operations could be outsourced as a white-label offering for their clients. The client also wanted to redesign their investment process and investment management function and embed a new operating structure.

The client chose to partner with SS&C Hubwise and asked Solve to lead the programme ensuring the business was ready in time for go-live.

Solve managed the transformation on behalf of the client and worked with their internal teams and the vendors to complete implementation in 12 months.

As part of this initiative we:

• Supported the negotiation of the contract with SS&C Hubwise
• Redesigned the operating model
• Oversaw a migration of client assets to a new platform with SS&C Hubwise
• Redefined the Centralised Investment Proposition and delivered the new integrated function
• Revised the client fees
• Updated the client terms and conditions
• Outsourced the investment operations to SS&C as part of BPO services
• Ensured business readiness with the development of a test approach and go-live support

The programme was completed on time and on budget and has provided a stable platform for future business growth.

The operation is now fully managed by SS&C and Hubwise which provides scalability to our client with a variable cost basis.

Completion of the project allowed our client to de-CASS and remove their regulatory exposure.