Private equity and infrastructure focused investment manager 3i has selected software solutions provider AutoRek to enhance controls and automation of asset records.
AutoRek will be deployed to enhance existing technology installed at 3i, including external and in-house systems. AutoRek will enable 3i to prepare a second record distinct from its existing system, and perform internal, external and physical asset reconciliations. Demonstrable governance and controls, as well as support for the client money assets return (CMAR) will ensure ongoing adherence to CASS regulatory requirements for the protection of Client Assets.
Kartik Shah, Director of Regulatory Reporting at 3i Group plc, says: “Effective risk management underpins the successful delivery of our strategy. We look forward to our partnership with AutoRek. Our aim via this relationship is to achieve ever greater efficiency and controls in our operations. As both an investor and asset manager, 3i seeks to achieve its targeted returns for investors and shareholders built on rigorous and comprehensive investment procedures. Operational excellence is key to the way 3i operates.”
Gordon McHarg, CEO of AutoRek, says: “We are delighted to welcome a client of 3i’s calibre and importance in the alternative investments market into the AutoRek community. They are an important client for us, reinforcing AutoRek’s expertise in the field of CASS governance solutions”.
