The role of the network manager with global custodians , broker-dealers, asset managers , pension funds and other financial institutions has changed dramatically in recent years .
The tasks of the network manager habe greatly expanded. Previously they consisted mainly of tasks like :
- Selecting a supplier in a new or existing market
- Periodic monitoring of a network of agents and global custodians based on policy , risk and cost
- Monitor and escalate operational issues with a network of agents and global custodians
Due to major changes in business opportunities and regulatory pressure you see that network management has expanded to play a critical role in various areas such as :
- Operational management to create more efficiency and more transparency
- Identify business opportunities and explore these
- First line of defence to mitigate the exposure to external service providers to reduce risk
Good network management requires control and co-ordination of :
- All static data from local agents , custodians and market
- Information and insight about each market and the locally applicable clearing and settlement models
- Standard procedures for the selection and monitoring of local agents and global custodians
- Effective tariff negotiations
- Control of rates and tax rates
- Commercial opportunities
In order to prevent potential loss of proprietary and client positions , data , potentially incorrect data , damage to reputation is an effective understanding of the markets in which you operate is essential .
Regulation has become significantly more complex in recent years. Such as the introduction of AIFMD , UCITS V , FATCA , EMIR , AIFMD
– The requirements in terms of documentation , processing and reporting pose new challenges for the organization . The implementation and operation requires specialist knowledge .
We can add value to your organization through insight into local markets by monitoring, information processing , responding to changes in legislation, political situation and economy or explore new opportunities for your organisation.
Contact us below for more information on how we can assist you