About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

WCM Investment Management Cuts Reconciliation Time with Gresham Managed Services

Subscribe to our newsletter

WCM Investment Management has cut reconciliation time by two-thirds after tripling assets under management (AUM) over the past three years by using Gresham Technologies cloud-based managed services to aggregate data from more than 55 custodians and reconcile positions, transactions, cash and foreign currencies across 1,500 accounts and 2,500 cash buckets.

WCM, an independent fund and investment manager, extended an existing relationship with Gresham in 2019, adding managed services with a view to keeping its operations team lean and efficient. Since then, the partnership has played a role in enabling WCM to scale from managing $30 billion AUM at the end of 2018 to $107 billion at the end of 2021.

“As our business underwent a period of significant growth, we found the increased volume and complexity of data and reconciliations was putting more and more stress on our operations team, which would have meant adding headcount,” says Julianna Jones, operations manager at WCM. “Using Gresham’s managed services we are predicting another 50% reduction in reconciliation time, down to 15 hours per week. This is due to Gresham’s team always finding more ways to improve our processes as we grow and expand into new markets.”

Prior to its partnership with Gresham, WCM was challenged with an infrastructure combining a portfolio management system and manual spreadsheets storing data. To overcome this challenge, WCM initially implemented Gresham’s Control for investment management and Data Services back in 2013, when the firm was managing less than $3 billion in assets.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

A-Team Launches Inaugural AI in Data Management Summit New York City

Artificial intelligence-led applications offer financial institutions the potential to do more with their data at a time when increasingly complex economic and geopolitical influences place extraordinary operational pressures on them. The technology is now being applied to all parts of an organisation, from asset and risk management to customer relationship management and regulatory compliance. A...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Enterprise Data Management, 2010 Edition

The global regulatory community has become increasingly aware of the data management challenge within financial institutions, as it struggles with its own challenge of better tracking systemic risk across financial markets. The US regulator in particular is seemingly keen to kick off a standardisation process and also wants the regulatory community to begin collecting additional...