Watson Wheatley Financial Systems have announced the successful implementation of the iRecs system at London-based BennBridge, part of the Bennelong Funds Management Group.
The deployment of iRecs covers daily reconciliation of positions, trades, balances and cash flows as well as P&L, NAV and DTCC reconciliations. This comprehensive suite allows BennBridge to achieve a high level of automation and control while providing a scalable platform for future growth.
Tom Wheatley, COO, Watson Wheatley:
“We have really enjoyed working with BennBridge on this project and are pleased to be able to welcome them as another new client using our hosted iRecs reconciliation system. The project requirements were relatively complex but the configurable nature of the system and our ability to turn around new reconciliations quickly were key in rolling out the application to the operations team”.
Ben Battye, Head of Operations, BennBridge:
“Following a thorough market review and due diligence process, it was clear Watson Wheatley would be able to fully meet our multi-boutique, multi-strategy reconciliation requirements. Tom and his team excelled in their delivery of a bespoke, tailored solution for BennBridge that has further enhanced our operational infrastructure and control environment. This has in turn allowed our Operations team to harness efficiencies and take significant steps towards the future goal of full reconciliation automation”.
ABOUT WATSON WHEATLEY FINANCIAL SYSTEMS
Watson Wheatley Financial Systems is a reconciliation system vendor with worldwide clients including hedge funds, long-only asset managers and commodities traders. Its principal products are iRecs, Importer and ‘Reconciliation as a Service’. iRecs is an extremely versatile and powerful reconciliation solution, used worldwide by clients with over $206bn in assets under administration.
For further information please visit: http://www.watsonwheatley.com/
BennBridge Ltd (‘BennBridge’) is a multi-boutique investment firm which strategically partners with specialist fund managers. BennBridge provides a structure that gives our boutiques the same quality support offered by large institutional firms, but enables them to operate in a more personalised and entrepreneurial environment. As a minority equity partner to each boutique, BennBridge offers access to a global distribution network and a wide range of high-quality investors, whilst also providing a holistic range of non-investment functions, enabling each boutique to focus solely on their own investment performance. As a 100% owned subsidiary of the Bennelong Funds Management Group, a successful Australian based multi-boutique investment firm established in 2006 and currently managing approximately $8 billion USD/£6 billion GBP, BennBridge benefits from a powerful global distribution footprint and the ability to drive the scalability of boutiques’ success.
For further information please visit: https://www.bennbridge.com/