Business & Operations
Turning around and industrialising an asset manager’s PMAR chain
French asset manager
Context
Two successive audits by Virtual Beehive had revealed a performance and reporting team in serious difficulty: silos, undocumented processes, high staff turnover and a loss of confidence from management. The client entrusted us with the full transformation of its PMAR function.
Challenges
- 01Only 36% of client reports were sent on time.
- 02A largely renewed team with no formal operating procedures or controls.
- 03Daily production to be secured throughout the transformation.
What we did
- 01Audit of organisation, processes and tools, presented to the executive committee with an emergency plan.
- 02Industrialised workflow: data preparation and control, pre-calculation, month-end calculation, validation, distribution.
- 03Automated pre- and post-production controls, with incidents managed in the client’s ticketing tool.
- 04Detailed operating procedures for each activity and KPIs reviewed monthly with management.
- 05Rebuilding the team: role definitions, qualified hires and knowledge transfer.
Results
92%Client reports sent on time, up from 36%
−50%Production time for a key report (10 to 5 days)
≈ 20Automated controls implemented
Other case studies
01 A single PMAR platform: selection, business case and migrationBusiness & Operations · French asset manager The performance chain relied on two separate tools, one for calculation and attribution and one for reporting, whose maintenance depended on a handful of experts. The client decided to replace them with a single platform covering performance, attribution, GIPS composites and reporting. 02 GIPS 2020 compliance for a responsible investment managerCompliance & Regulatory · French asset manager, responsible investment The asset manager wanted to claim compliance with the GIPS 2020 standards and then have it verified by an international audit firm over five years of history, to meet the expectations of institutional investors. 03 Building a project office and an AI Lab at a responsible investment managerTransformation · French asset manager, responsible investment Highly structured on its regulatory obligations, the client had no framework for deciding on its projects: no governance, no annual plan, no project budget. Virtual Beehive was asked to build the project function from scratch.
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