Dublin, 22nd November 2022 - Fund Recs today announced that Channel Capital, a multi-boutique global funds management business headquartered in Australia, has selected the Fund Recs Velocity platform to fully automate its ASIC (Australian Securities and Investments Commission) Reconciliation process.
Fund Recs’ ASIC Reconciliation solution supports the oversight process and gives firms the comfort their reporting meets an acceptable standard for the regulator. Fund Recs clients benefit from being supported by a highly responsive and knowledgeable team to ensure their regulatory needs are being met.
ASIC is responsible for administering the derivative trade repository licensing regime and for making and enforcing derivative transaction rules that establish mandatory requirements that apply to reporting, clearing and execution of derivative transactions.
Josh Yeo, Chief Operating Officer at Channel Capital said “We are delighted to be able to broaden our partnership with Fund Recs. We have built a strong relationship with the Fund Recs team, and as we continue to enhance our services and grow, the best-in-class software will greatly assist us and our investment manager partners with automation and further business efficiencies.”
Fund Recs CEO, Alan Meaney, said: “We are really excited to be expanding our relationship with Channel Capital and to support their ASIC oversight obligations. The addition of ASIC Recon Oversight to our expanding Regulatory Rec offering is an exciting step for Fund Recs and we look forward to continuing to add more in this space.”
About Channel Capital
Channel Capital is a multi-partner asset management business dedicated to building and supporting a unique group of investment managers worldwide. Channel Capital provides a range of services including incubation, operations, distribution, marketing, and responsible entity services to eight investment management firms with associated assets of A$22 billion as of 31 October 2022. The Channel Capital Group also comprises three subsidiary companies − Channel Investment Management Limited, Channel Capital Cayman, and more recently Eolas Capital LLC – a New York based firm that provides tailored capital and business infrastructure solutions for specialist and boutique investment managers
Find out more at: www.channelcapital.com.au
About Fund Recs
Fund Recs is the doing platform for funds. We translate complex workflows into a series of simple actions to help people manage, move, and reconcile their fund data at scale. Founded in Ireland in 2013, the clients we serve are spread across the world and our remote-first team continues to grow to help meet the challenges of doing business, meeting regulations, and scaling through people and technology.