Middle office

Ultimus Partners with PennHaven Brokerage Partners to Provide Outsourced Trading Services with its Middle Office Solutions

Retrieved on: 
Tuesday, April 2, 2024
Service award, Growth, Partnership, Accounting, Data management, Human back, Ultimus, Intelligence, Middle office, Sales

CINCINNATI, April 02, 2024 (GLOBE NEWSWIRE) -- Ultimus Fund Solutions® (Ultimus®), a leading independent provider of full-service, technology-enhanced middle office, fund administration, accounting, and investor solutions, is pleased to announce its exciting new partnership with PennHaven Brokerage Partners (PennHaven) .

Key Points: 
  • CINCINNATI, April 02, 2024 (GLOBE NEWSWIRE) -- Ultimus Fund Solutions® (Ultimus®), a leading independent provider of full-service, technology-enhanced middle office, fund administration, accounting, and investor solutions, is pleased to announce its exciting new partnership with PennHaven Brokerage Partners (PennHaven) .
  • The partnership with the institutional trading solutions firm allows Ultimus to offer asset managers outsourced trade execution and trading desk services through PennHaven with Ultimus’ full range of tech-enabled middle office services, including post-trade settlement, investment book of record (IBOR), performance and attribution reporting, and institutional investor services.
  • Gary Tenkman , Ultimus CEO, states, “Our middle office business has continued to grow rapidly, and this is a natural extension of our service offering.
  • Trade settlement services are just one component of Ultimus’ middle office offering, as the firm continues to provide IBOR, client reporting, and performance, along with its other back office services provided to its client base.

Ultimus Secures Top Scores in the 2023 ETF Administration Survey by Global Custodian

Retrieved on: 
Tuesday, August 1, 2023
DNA, Communication, Partnership, Global Custodian, Accounting, ETF, Trust, Middle office, News, Financial adviser, Ultimus

CINCINNATI, Ohio, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Ultimus Fund Solutions ® (Ultimus®), a leading independent provider of full-service technology-enhanced fund administration, middle office, accounting, and investor solutions, proudly announces its remarkable achievement in securing the top spot in the prestigious 2023 ETF Administration Survey conducted by Global Custodian, earning the highest overall service satisfaction scores in the industry.

Key Points: 
  • CINCINNATI, Ohio, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Ultimus Fund Solutions ® (Ultimus®), a leading independent provider of full-service technology-enhanced fund administration, middle office, accounting, and investor solutions, proudly announces its remarkable achievement in securing the top spot in the prestigious 2023 ETF Administration Survey conducted by Global Custodian, earning the highest overall service satisfaction scores in the industry.
  • The Global Custodian's ETF Administration Survey is widely regarded as a third-party benchmark for excellence in the industry, with clients evaluating the performance and quality of ETF administration providers.
  • Their ongoing support has been instrumental in Ultimus’ success, and we remain committed to providing our clients with industry-leading services and solutions.”
    Being recognized as the top performer in the 2023 ETF Administration Survey by Global Custodian is a testament to Ultimus' unwavering dedication to excellence and innovation.
  • As it celebrates this milestone achievement, Ultimus remains focused on pushing the boundaries in the ETF administration landscape.

Ninth Consecutive Year Ultimus Earns Highest Score

Retrieved on: 
Tuesday, July 25, 2023
Tomko, EVP, KYC/AML, Accounting, Investment, Middle office, Global Custodian, News, Financial adviser, Ultimus

Overall, Ultimus scored a 6.94 out of 7.00 with the 2023 industry average coming in at 6.15.

Key Points: 
  • Overall, Ultimus scored a 6.94 out of 7.00 with the 2023 industry average coming in at 6.15.
  • In individual categories, Ultimus obtained perfect marks in nine categories and achieved the highest scores industry wide in all thirteen categories, once again validating the company’s tech-driven and client-centric approach.
  • For the ninth consecutive year, Ultimus received Category Outperformer and Global Outperformer recognition by Global Custodian, accentuating the firm’s accomplishments.
  • Ultimus scored a perfect score of 7.00 in client service, onboarding, fund accounting, transfer agent, KYC/AML and sanctions screening, reporting to institutional investors, reporting to managers, middle office services, and compliance support.

AkkenCloud Welcomes Staffing Industry Veteran David Barthel as Their New VP of Sales

Retrieved on: 
Wednesday, June 7, 2023
Front office, Allegis Group, Friends, Middle office, Back office, Sales, Payroll

David will be responsible for scaling and expanding the company's sales organization, streamlining sales operations, and strengthening the overall execution of the team.

Key Points: 
  • David will be responsible for scaling and expanding the company's sales organization, streamlining sales operations, and strengthening the overall execution of the team.
  • To view an enhanced version of this graphic, please visit:
    David Barthel has 27 years of Staffing Industry experience working for one of the biggest Staffing companies in the world.
  • "David is a great new addition to the AkkenCloud family to scale sales and to meet our increasing enterprise demand," said Giridhar Akkineni, CEO of AkkenCloud.
  • I look forward to helping our business grow," said David Barthel, the new VP of Sales at AkkenCloud.

AkkenCloud welcomes Staffing Industry veteran David Barthel as their new VP of Sales

Retrieved on: 
Monday, May 15, 2023
Front office, Allegis Group, Friends, Middle office, Back office, Sales, Management, Payroll

NASHUA, N.H., May 15, 2023 /PRNewswire-PRWeb/ -- AkkenCloud, the Front Office, Middle Office, Back Office, and Payroll platform provider that helps the staffing industry revolutionize their efficiencies, names David Barthel as their new V.P. of Sales.

Key Points: 
  • David Barthel has 27 years of Staffing Industry experience working for one of the biggest Staffing companies in the world.
  • Most recently, David held a leadership role at a recruiting platform company that helped staffing companies improve their efficiencies.
  • "David is a great new addition to the AkkenCloud family to scale sales and to meet our increasing enterprise demand," said Giridhar Akkineni, CEO of AkkenCloud.
  • I look forward to helping our business grow," said David Barthel, the new VP of Sales at AkkenCloud.

Cash Is King: Treasury Values Surge to $418B in Q1 According to Citco

Retrieved on: 
Thursday, May 11, 2023
Banking, Asset Management, Professional Services, Finance, World Football Elo Ratings, Treasury, Overalls, Front Office Football, Silicon Valley Bank, Real assets, Officer, Credit Suisse, Silicon, Administration, CSDR, OTC, Citco, Market, Middle office, Signature Bank, Environment, Family office, Bank, Security (finance), EU

According to Citco’s Q1 2023 Middle Office Solutions Report , the value of treasury transactions not only increased by 25% quarter-on-quarter, but the volume of securities-based margin movements also soared by 66% in Q1 - as managers looked to post securities rather than cash as collateral, leaving cash to work as an alpha-generating tool.

Key Points: 
  • According to Citco’s Q1 2023 Middle Office Solutions Report , the value of treasury transactions not only increased by 25% quarter-on-quarter, but the volume of securities-based margin movements also soared by 66% in Q1 - as managers looked to post securities rather than cash as collateral, leaving cash to work as an alpha-generating tool.
  • Cash margin is still relevant, but only increased by 10% in Q1 as securities took a larger portion, while we saw a slight increase of 14% in overall margin calls.
  • The Middle Office Solutions Report contains data on overall trade volumes, values and collateral calls for Q1 2023.
  • All transaction types are included from tax payments to loan funding, transaction costs, cash collateral and OTC settlements, among others.

EQS-News: niiio subsidiary PATRONAS acquires asset manager Aramea as new client and continues to power ahead on its organic growth track

Retrieved on: 
Tuesday, March 21, 2023
Software as a service, Om, API, Risk management, AG, Gesellschaft mit beschränkter Haftung, Middle office, EUR, OPUS, EBITDA, Acquisition, ISIN, Growth, Automation, Aram (region), Financial adviser, Cryptocurrency, EU

PATRONAS had already made a significant contribution to the niiio’s asset management business in the previous year and thus made a major contribution to its organic growth.

Key Points: 
  • PATRONAS had already made a significant contribution to the niiio’s asset management business in the previous year and thus made a major contribution to its organic growth.
  • Having successfully completed a six-month test phase, Aramea is now deploying PATRONAS OPUS to replace the software solution it previously used.
  • You can tell that industry experts are at work here who understand the needs and requirements of innovative asset managers like Aramea.
  • The overall package is convincing and with Aramea we have gained one of the leading independent German asset managers.

AkkenCloud releases Hubspot integration for Staffing and Recruiting Agencies

Retrieved on: 
Tuesday, November 29, 2022
Marketing, HubSpot, Lead, Front office, Applicant (sketch), Back office, Hotel manager, Middle office, Applicant tracking system, Customer success, Sales, Tutoring, Employment agency, Payroll

NASHUA, N.H., Nov. 29, 2022 /PRNewswire-PRWeb/ -- AkkenCloud, the Front Office, Middle Office, Back Office, and Payroll platform provider that helps staffing agencies and recruiting agencies revolutionize their efficiencies, releases the integration with Hubspot, the leader in Inbound Marketing.

Key Points: 
  • The integration enables two-way sync with HubSpot to help Staffing and Recruiting agencies with their Inbound Marketing strategies.
  • NASHUA, N.H., Nov. 29, 2022 /PRNewswire-PRWeb/ -- AkkenCloud , the Front Office, Middle Office, Back Office, and Payroll platform provider that helps staffing agencies and recruiting agencies revolutionize their efficiencies, releases the integration with Hubspot, the leader in Inbound Marketing.
  • "AkkenCloud helped hundreds of staffing and recruiting agencies to improve their efficiencies," said Joe Santangelo, VP of Customer Success at AkkenCloud.
  • AkkenCloud offers the most comprehensive front-office , middle-office , and back-office staffing software with AkkuPay payroll for staffing agencies and recruiting agencies looking to increase efficiency, streamline operations, and grow revenue.

Fundsmith Appoints FundRock for Distribution of Fundsmith SICAV

Retrieved on: 
Monday, November 28, 2022
Professional Services, Business, Finance, Growth, FE, United Kingdom, ESG, Investment company, Risk, Policy, Stock, SICAV, Article 8 of the European Convention on Human Rights, Gold, Manco, SFDR, Middle office, Article, Research, Morning Star, Investment, CFA, Creative industries, Renewable energy, Financial services, Security (finance), Fundsmith, EU

In addition to existing ManCo services, FundRock Distribution S.A. will now provide distribution services, enabling Fundsmith LLP to distribute its funds in the EU.

Key Points: 
  • In addition to existing ManCo services, FundRock Distribution S.A. will now provide distribution services, enabling Fundsmith LLP to distribute its funds in the EU.
  • Fundsmith SICAV is the umbrella fund for Fundsmith Equity Fund and Fundsmith Sustainable Equity Fund.
  • Fundsmith Equity Fund, a sub-fund of the Fundsmith SICAV, is managed with exactly the same process as the same-named, largest active equity fund in the UK.
  • Terry Smith, founder of Fundsmith, is the portfolio manager of Fundsmith Equity Fund and Fundsmith Sustainable Equity Fund.

NAV Fund Administration Group Named Best Digital Assets Fund Administrator at Hedgeweek US Services Awards

Retrieved on: 
Friday, October 28, 2022
Industrial and Administrative Group, Christmas Island, NAV, Decentralized finance, HFM, Cayman Islands, Back office, Industry, News, Research, Middle office, Intelligence, Technology, Solution, Cryptocurrency

OAKBROOK TERRACE, Ill., Oct. 28, 2022 /PRNewswire-PRWeb/ -- NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was announced as Best Fund Administrator – Digital Assets at the Hedgeweek US Services Awards in New York City on October 27. The firm also won Best Fund Administrator honors at both the Hedgeweek US and EU Digital Assets Awards earlier this year.

Key Points: 
  • NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was announced as Best Fund Administrator Digital Assets at the Hedgeweek US Services Awards in New York City on October 27.
  • OAKBROOK TERRACE, Ill., Oct. 28, 2022 /PRNewswire-PRWeb/ -- NAV Fund Administration Group, a leading provider of administrative services to alternative asset managers, was announced as Best Fund Administrator Digital Assets at the Hedgeweek US Services Awards in New York City on October 27.
  • The firm also won Best Fund Administrator honors at both the Hedgeweek US and EU Digital Assets Awards earlier this year.
  • The latest award marks NAV's sixth "Best Administrator" award in 2022 - including Best Fund Administrator Technology at the With Intelligence HFM US Services Awards; Best Fund Administrator for Small/Start-Up Funds at the Fund Intelligence Operations & Services Awards; and Best Fund Administrator at the HFM US Quant Services Awards in addition to the previously cited Hedgeweek Best Fund Administrator honors at the US and EU Digital Assets Awards.