Merchant Capital, the independent corporate finance and investment management firm, has migrated its UCITS umbrella to Point Nines Circle.2 platform of middle and back office services.
Circle.2 provides live and cloud-enabled trade reconciliation and settlements reporting, allowing fund managers to view key information such as counterparty exposures and settlement reports in real-time. Point Nine has also supported Merchant Capitals recent switch of fund administrator, from HSBC to Deutsche Bank.
Chris Day, director of Merchant Capital, said: “Having run a multi-billion dollar, multi-fund platform before, we recognized the value of the Point Nine model in terms of cost, scalability and robustness. Prior to partnering with Point Nine, we knew that the management of the technology infrastructure plus the accompanying personnel represented a serious challenge. Our UCITS umbrella is now supported by a fully flexible and scalable architecture, without an internal IT footprint. Our recent move to a new fund administrator happened seamlessly thanks to Point Nine.”
(JDC)