Investment management consulting firm Citisoft has published a white paper focusing on client reporting, and exploring the importance of data management in this context. One of its key findings is that the success of new or updated client reporting initiatives is closely related to the strength of investment managers’ data management systems.
The Citisoft report also finds that increasing investment in derivatives and structured products is impacting client reporting as it is every operational area within asset management firms. One of the report’s authors, Citisoft principal consultant Sunil Chadda, says: “The alternatives space is the fastest-moving sector in global financial markets. The reporting of these transactions can be especially complex and presents a real challenge to those managers who choose to use them.”