Digital Network

ATMonitor Venommedia Cooconnect

RFP News

Cavendish Administration to Support Ambitious Expansion Strategy with Implementation of Linedata Icon
Published on Jan 26, 2011

Linedata Services, the global solutions provider dedicated to the investment management and credit industry, announced that Cavendish Administration Ltd will use Linedata Icon to build a fully integrated portfolio administration, fund accounting and reporting solution for its operations. With over £1 billion of assets under administration, Cavendish is implementing Linedata Icon to be able to expand its business, service more funds and extend its service offering.

Cavendish was previously using proprietary tools for its portfolio administration and separate systems for fund accounting and wanted to migrate to a more sophisticated solution. Following the development of a controlled growth strategy, Cavendish identified specific business requirements which necessitated a single, comprehensive system which could address these needs and extend Cavendish’s service offering to existing clients.

“Linedata led a workshop with us to explore, map and evaluate our existing systems and processes,” said Anthony Lee, Director, Cavendish Administration. “This new system is comprehensive and can fully support our ambitious growth plan and significantly improve our capabilities along the way. We believe that Linedata Icon will enable us to build upon the excellent level of service that we currently provide to investment management companies and the funds they manage.”

“Fund administrators need to be able to deliver a streamlined, first class service in today’s environment. Their clients are extremely demanding and expect the best,” said Mike de Verteuil, Linedata’s Group Business Development Director. “We have invested in Linedata Icon to ensure it delivers the flexibility needed and efficiently handles the complexities which characterise today’s fund administration market. By using Linedata Icon, Cavendish will be able to extend its service offering to a greater number of funds and meet their clients’ exacting due diligence requirements. We’re proud to be supporting Cavendish’s growth in this area.”**


Mandate details
Provider Linedata
Client Cavendish
Mandate value n/a


Tags
Vendor name: Linedata
Buyer name: Cavendish
Product type: Fund / Asset Management Operations | Portfolio Management

0 comments Post Comment plus

LATEST News

On our website you can find 6000 products from 3157 companies
Announce your products/ services on RFPConnect.com! Listing Costs $250 per/year Get listed today!

Featured Vendor

PriceMetrix Inc.

Logo PriceMetrix is a software firm that helps retail wealth management firms and their advisors optimize selling efforts, manage clients, identify growth opportunit ...

VISIT VENDOR PAGE >>
Version Control

FRSGlobal − Front Runner in Risk Mgmt and Regulatory Reporting

picture

Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.

View ISSUE >>
Whitepaper
Research Paper

Sponsored Vendors

Don't miss out!

We're constantly updating RFPConnect.com with the latest news and research from hundreds of leading technology vendors.

Sign Up to our e-mail alert service to stay up to date.