Mon, Aug 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Viteos extends operational services to family offices

Monday, February 13, 2012
Opalesque Industry Update: Viteos, a leading, global provider of fund administration, middle office and consulting services for the asset management community, today announced an expansion of its suite of services to family offices. Viteos has provided services to family offices over the past year. The additional investment in, and expansion of the Viteos presence in family offices is a reflection of increased client demand and the need for experience and expertise in operations support and accounting in this segment.

Viteos’ focus and expansion in this area coincides with the increased demand for operational risk mitigation and cost control within family offices. As family offices reassess their operating models, seeking to implement institutional-grade infrastructures, they are increasingly looking to external providers in lieu of hiring additional staff or purchasing new technology. Viteos offers both end-to-end service solutions as well as more granular tactical services such as data aggregation, reconciliation, valuation, and other more focused tasks; clients are afforded more options and greater flexibility. Viteos offers the expertise and operational efficiencies to both reduce overall accounting and operating costs as well as providing family offices with more timely, accurate, and reliable reporting.

Shankar Iyer, CEO of Viteos, said: “Our move into the family office space is a response to both opportunity and demand. As we engaged in conversations, we saw an increased need to bring the kind of expertise, technology and service that we have traditionally provided to hedge funds and other asset managers to address the specific needs of family offices. With more than a decade of experience, Viteos is confident that the segment will benefit from our approach.”

Mamoun Askari, CEO of family office Hasma Capital Advisors, said: “Partnering with Viteos has helped us streamline our operations, reduce operational risks and manage our portfolios with a level of flexibility that was lacking in our legacy infrastructure. Viteos’ consultative approach with our functional stakeholders ensures that we have a solution that satisfies our key priorities and objectives. In particular, Viteos’ capabilities in tailoring reports to meet our unique specifications has improved Hasma Capital Advisors’ method for monitoring and managing our portfolios.”

Andrew Kaufmann, Director of Sales EMEA for Viteos added: “The operational and accounting needs of family offices are not dissimilar to those of other asset managers. As such, enhancing Viteos’ bespoke service offering to include highly customised web based and static reports for each of our family office clients is a natural outgrowth of our proven business model and provides the client with exactly what they need as well as a compelling ROI.”

Viteos

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new