ZAN Partners Ltd, an independent investment management firm based in London, has implemented Paladyne FastStart as its fully hosted front-to-back office solution.
ZAN Partners replaced its existing in-house portfolio accounting and general ledger system with Paladyne FastStart, which combines order management and portfolio management functionality delivered as a fully hosted, ASP solution.
The new system will provide ZAN Partners with order management, pre-and post-trade compliance, real-time P&L and exposure monitoring, portfolio management, NAV reporting and automated 3rd-party reconciliation. Paladynes hosted platform, known as Paladyne ASP, provides ZAN Partners with a fully managed IT service, 24×7 technical and product support, hardware, product upgrades and mirrored (hot site) disaster recovery.
Once we decided to make the switch to Paladynes all-in-one solution we gave their services team a very aggressive migration timeline, says Zain Naqi, CEO of ZAN Partners. We were really impressed by the speed and thoroughness of the entire Paladyne FastStart implementation, and look forward to a close partnership with Paladyne in the coming years.
Sameer Shalaby, CEO of Paladyne, adds: We are thrilled that we were able to transition ZAN Partners to our platform in a very short period of time. ZAN Partners is yet another example of a firm making the decision to move away from heavier, less integrated in-house solutions, to Paladynes fully-hosted front-to-back solution, which has the ability to shadow all of a firms counterparties including the fund administrator.