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Natalie Westerbarkey by Beverly Chandler, Opalesque London:
In the third piece drawn from a recent round table discussion organized by Advent Software and moderated by Thomas Zdon of that company, a group of hedge fund practitioners discussed the impact of the AIFMD and concluded with suggestions for what the industry can do now to prepare for the coming challenges.
Present at the meeting were Natalie Westerbarkey, Citi (VP Securities and Fund Services, Capital Markets and Banking); Bill Scrimgeour, HSBC (Global Head of Regulatory & Industry Affairs, Institutional Fund Services); Joan Kehoe, Quintillion (Founder & CEO); Rhodri Mason, MAN Investments Ltd (Head of UCITS Management) and Tom Kirkpatrick, GlobeOp (Managing Director, Enterprise Risk Management).
The moderator, Advent’s Thomas Zdon, asked if there were particular hotspots of technology spending for the participating firms. Bill Scrimgeour from HSBC confirmed that data is a key area for them. "Data standards, data provision, particularly around regulatory reporting but also around the move to daily NAVs. It’s something we’re already providing to some managers but not everybody at the moment, but as alternative funds move into the more regulated space and particularly into UCITS vehicles, they will also require different technology" he said.
Rhodri Mason of MAN Investments said that his firm is principally focusing on lobbying. "In particular we are currently assisting AIMA with their valuable input with regard to Level 2...................... To view our full article Click here
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