Markit Group Limited, the industry source of independent data, portfolio valuations and OTC derivatives trade processing for the global financial and commodities markets, and Quintillion, a Dublin-based fund administration services company, have partnered to provide mutual customers with closely integrated fund administration services and independent Over-The-Counter (OTC) derivatives valuations.
The partnership will allow Markit and Quintillion to work together to provide mutual clients with independent valuations on their complete portfolio of derivatives positions, including commodity, credit, equity, currency and interest rate swap instruments.
“We are very impressed with Quintillion’s focus and professionalism, and welcome the opportunity to work with them in close partnership,” says Tim Barker, Executive Vice President and Head of Valuations at Markit. “Their abilities and experience in hedge fund administration, combined with Markit’s expertise in valuing OTC derivatives portfolios, will be a winning combination.”
“We are extremely excited to be partnering with Markit, a firm that has such a strong reputation in the critical area of OTC derivatives valuations,” adds Joan Kehoe, Chief Executive Officer at Quintillion. “Expectations and the increasing complexity of the instruments traded, hedge funds and their investors are increasingly demanding reliable, independent valuations.”