Abstract
Celent recognizes ProShares as the 2018 Model Asset Manager: Core Transformation for their initiative Investment Book of Record System (“IBOR”) Implementation.
The implementation of an Investment Book of Record System is a critical component of the infrastructure of ProShares’ organization. The goals of their IBOR system were to provide the organization and its operations with the ability to increase efficiencies, reduce risks, and extend the operational capacity of the firm. A successful portfolio management platform will require the following key features: an IBOR platform, clear segregation of duties between portfolio management and portfolio operations, and industry standard processes and strong reconciliation capabilities. This transformational project addressed all three goals of increasing efficiency, reducing risk, and extending the operational capacity.