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

New Data Partnership Approach Urged for Investors in SimCorp Report

Investment managers must take a fresh approach to data management, stressing trusted partnerships with outside expertise over traditional outsourcing models, as they seek to adapt to a rapidly changing economic landscape, a report has urged. The binary build-versus-buy strategy that has been the basis of innovation adoption for decades has been upended by advances in...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Applications of Reference Data to the Middle Office

Increasing volumes and the complexity of reference data in the post-crisis environment have left the middle office struggling to meet the requirements of the current market order. Middle office functions must therefore be robust enough to be able to deal with the spectre of globalisation, an increase in the use of esoteric security types and...