Britannic Asset Management has announced its investment in a new technology system developed by global technology provider AFA systems in order to support a robust multi-asset administration infrastructure for its range of institutional pooled funds. The fully automated administration system, which is now live, enables Britannic to handle all its pooled clients requirements with an integrated solution to offer greater efficiency and flexibility. The system will allow Britannic to provide institutional clients with detailed information on transactions fund valuations and charging structures, further allowing greater cost transparency to Britannic’s clients. The back-end support structure of the system also further enhances the internal monitoring process for fraud, ensuring even more stringent security controls.
Fiona Ross, Head of Institutional Division, says, “The aim of the new system is to provide solutions to meet the specific needs of Britannic’s institutional clients. Our investment clearly demonstrates Britannic’s commitment to adding value and providing long-term benefits to all our clients.”
“We are delighted to be able to work with Britannic in pioneering this technology in the UK,” commented Jeff Ashbolt of AFA Systems. “Efficient administration support is an integral part of providing excellent investment management services and should be considered as a win-win solution for all parties involved.”