To an industry in flux, Meradia delivers change.
Change has become a constant in the financial sector. Whether generated by competition, regulation, shareholder or client demand, financial service companies must evolve. We navigate complex situations and turn obstacles into opportunities.
While the prime objective of active asset management firms is the search for alpha, important questions arise: How does one measure alpha, identify levers that contribute to alpha and define a consistent process? In simpler terms, these could be viewed as return computation, performance attribution and systemic automation of the investment performance process respectively.Read More
The financial services industry has long been a staunch opponet of change, typically moving in a new direction only when compelled by extraordinary forces. Technology advancements have provided that impetus, given the massive gains in productivity, speed of communication and quality of customer engagement. It is this last point, regarding customers, that has forced investment firms to quickly adapt to a new environment, where mobile technology drives customer relationships. Meradia's Julie Govain explores this trend, along with possible challenges and pitfalls.Read More
Meradia Group is thrilled to welcome Tim Knox as leader of our Data Management and Governance Practice Area. Tim will guide our clients through the complex process of selecting and implementing advanced data management solutions and the development of best practices in data governance. Tim’s specialty is the creation of operating efficiencies from sales to settlement on a global level: Europe, Middle East, Asia and North America.Read More
Investment firms regularly undergo system conversions and implementations. Implementations that fail may carry significant reputational, operational or financial risk. While investment firms work hard to avoid or mitigate risk in the investment selection process, this risk focus is, at times, an afterthought when it comes to delivering projects.
A large wealth manager engaged Meradia to help it reset a key project that was in danger of failing. The firm needed Meradia to take control of several key project components, including data validation, gathering/writing business requirements and establishing effective communications with a vendor whose system was being implemented.Read More
Without strong project management and leadership, systems implementations have a greater risk of failure. A global investment firm was trying to implement a third-party system and experiencing project challenges, resulting in missed deadlines, deliverables and go-live dates. The firm engaged Meradia to assume a leadership role in the project by taking control of the vendor relationship and course correcting a shaky project.Read More
The link between IT and business teams has long been disjointed, with both working, at times, independent of each other in completing projects. Back in the 1980s, both groups were aligned in pursuit of a common goal, and tapped into a rich, robust set of experiences in support of initiatives. Meradia's Pat Nicholson examines this topic, and recommends several ways in which firms can restore the balance by changing their approach to IT business project development.Read More
A sometimes underestimated and often underappreciated aspect of an implementation project concerns training. When an investment firm implements a new system, particularly one affecting a large number of staff, training is a key success factor. Without a plan to organize, coordinate and train the various groups, go-live success is at risk.
A large wealth manager engaged Meradia to lead the organization and coordination of training for a new enterprise-wide implementation. The firm tasked Meradia with a significant objective: arrange for the delivery of training to a global team, across multiple functional groups, and covering several different project phases.Read More
Due to a rapid deterioration in the economic and political climate in the European Union countries and increased odds of the exit or complete breakup of the EU, Meradia hosted a roundtable in January 2012. We invited senior management from asset managers and industry vendors to discuss the operational implications of the potential break-up of the Euro. Following this roundtable meeting, Scott A. Wybranski, President and CEO of Meradia was asked to address SIFMA’s Asset Manager Forum in NYC.Read More
Driving targeted success is critical with multiple global implementations. Meradia Group delivered a targeted transformation to a global financial services company. The complex nature of their massive data management initiatives required Meradia to deliver a focused solution that encompassed strategy, information visualization, and implementation of new business processes on a global scale.Read More
The only thing more powerful than money, is information. What happens when that information is money? Financial data flows become increasingly sophisticated and complex with each passing day. Clients want to see accurate and timely reporting of billions of dollars (in terms of market value). To stay competitive financial service providers need to ensure enriched and properly mapped data, from a wide variety of service providers, is reported in a timely matter.Read More
Meradia recently held a well-attended roundtable: a collaborative conversation on the topics of data management, data governance and data protection. In attendance were a variety of senior individuals with roles that included a chief data steward, performance and analytics SVP, risk management data SVP and a mutual fund operations manager. All of whom were from leading financial services firms in core banking, fund administration, investment banking, insurance and institutional asset management.Read More
Investment managers and advisors struggle with using outdated processes to manage market data. Pricing data is a component of market data, and is often complex and intricate. For firms that have experienced rapid growth, but still have antiquated procedures, this can pose a significant challenge and risk to operational efficiency.
An investment advisory firm recognized the limitations imposed by using outdated Excel processes to manage pricing data. The firm retained Meradia to help it design a solution that would better serve its current and future data needs, and provide the scalability and reliability that the current Excel-based process could not. By evaluating the pricing team’s processes and uses of data, Meradia was able to design a complete data management solution that resolved not only pricing data inefficiencies, but also provided a bigger picture solution and process for managing market data.Read More