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Catalyst Group launches new fin-tech services

Wednesday, January 13, 2021
Opalesque Industry Update - The Catalyst Group announces the launch of its new Fin- Tech Financial Services business, providing hedge, private equity and real estate asset managers, family offices and financial institutions with a full suite of outsourced Fund Administration, Corporate and Portfolio Middle Office and Accounting Services to US, Cayman and Bahamas vehicles from its headquarters in Grand Cayman and offices in the USA.

Catalyst's decision to be headquartered in the Cayman Islands reinforces its commitment to being a best-in-class service provider. Catalyst is proud to come to market as a CIMA regulated Fund Administrator and Company Manager, adopting the highest possible standards of governance, regulation and cyber security.

Founded by four business partners and friends - Benjamin Reid, Scott Price, Marcus Rowe and Frank Ferrara - and partnered with established investors and advisors - Carlos Farjallah and John McCorvey - Catalyst's foundation is built on the value of relationships and trust. The founders are joined by an initial team of 20 professionals that share the same client centric vision which flows through the company's veins.

"With the fund services industry seeing drastic technology-led changes over the past few years, financial service providers have been scrambling to find ways to improve the efficiency of their platforms. Many upgrades require substantial development, financial investments and often result in disruption to clients - making such changes almost impossible", said Scott Price, Co- Managing Partner.

According to a recent PwC Global FinTech Survey, 81% of financial CEOs are concerned about the speed of technological change and their ability to keep up. Price goes on to state that, "I talk from experience when I say that the issue all competitors face is their antiquated systems are intertwined within obsolete environments. Catalyst starts life from a blank canvas and is embracing the latest technology at launch, delivering clients something truly unique." Catalyst is initially focused on two main markets, Brazil and North America, and will be embracing complex deliverables and alternative assets classes. Catalyst's offering includes: Daily NAV Services - offering daily dealing NAV solutions for hedge funds managers including the Brazilian 555 market and US managers seeking a daily update on their strategy, either as a soft NAV or a full NAV for risk management.

Monthly, quarterly or semi-annual reporting for investment managers and family offices that require the more standard industry deliverable. A closed-ended solution for private equity, venture capital and real estate managers. Fund Services offering that includes Registered Office, FATCA/ CRS, Anti Money Laundering (AML) Officers, as well as full-scale Corporate Middle Office Services.

"Our core principle of putting clients at the center of everything we do runs deep in our DNA. We have created a business that, from the outset provides our clients with a [one-stop-shop] where our founding employees embrace complexity and understand that best-in-class service revolves around fully understanding and delivering on our clients' needs," said Benji Reid Co-Managing Partner.

Reid continued, "Launching as a CIMA licensed administrator was crucial for us to show dedication to regulation, governance and our client demands. Furthermore, the benefit the already receiving approval in Brazil from local administrators Itau Intrag, BNY Mellon, and BTG Pactual, demonstrates our dedication to the market with our ability to service 555 funds with assets outside Brazil. For the US market we are providing a high-touch, high-tech deliverable to both Hedge and PE clients that is typically not available to the start-up and middle market managers."

The Catalyst Group embraces technology driven solutions that include: Launch of Cat5 - a custom-built, cloud-based portal providing clients real-time access to Fund and Investor reporting with transparency into the Catalyst's teams NAV workflow via interactive dashboards. Built on Microsoft's platform allowing secure collaboration and a chat function through MS Teams.

Adopting Advent Geneva's full fund administration solution and all available add-ons including World Investor, SSNC Recon, Lumis and Smart Sync.

Creating a Robotics Lab focused on building Robotic Process Automation (RPA), ensuring repetitive tasks are automated, creating efficiencies and eliminating human error. Cyber Security and Data Protection - leveraging Microsoft's cloud-based technology stack.

"Our Cat5 platform enables us to be one of the first administrators to truly deliver full life cycle solutions with clients having complete transparency into the process. Coupled with our middle office and robotics teams we can already see huge efficiencies and reductions in human error and intervention. This gives our clients and their investors comfort on our control environment and accuracy of the product." said Marcus Rowe and Frank Ferrara. "Our team is unique. We have brought together a group of diverse and seasoned professionals that all have a seat at the table and work together to make a difference. Catalyst is more than an organization, it is a family," Reid concluded.

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