Performance Implementation for Large Insurance Company

BACKGROUND A large insurance company’s asset management division retained Meradia to help facilitate the conclusion of a challenging implementation of, and conversion to SS&C’s Sylvan’s Global Performance Measurement and Risk platform. Meradia provided portfolio accounting, performance measurement and testing expertise and identified and troubleshooted errors hindering progress. Issues impacting Sylvan, the data flows, defined acceptance criteria, test scripts/plans, project staffing, production staffing and workflow were included within Meradia’s scope of work. ANALYSIS While working with the team, Meradia identified several key issues that needed to get addressed and remedied: Business requirements were incomplete and did not capture all upstream... Read Full Article

BlackRock Aladdin Front Office Implementation Project Manager

BACKGROUND A global asset manager with $245 billion in AUM had multiple vendor and proprietary trading systems to support equity and fixed income trading globally. The firm struggled to get a timely, accurate, and holistic view of trading activity and decided to standardize by implementing a single instance of BlackRock’s Aladdin globally. Functional scope for the full Aladdin suite included trading for equity, fixed income, private placements, and derivatives, compliance, external trading platform connectivity, risk and analytics. Stakeholders and project interface included portfolio managers, traders, quants, and program management in North America, Europe, and Asia. Meradia was engaged to... Read Full Article

Data Warehouse Implementation for Multi-boutique Investment Manager

BACKGROUND Meradia’s client, a $50 billion AUM multi-boutique investment manager, struggled to generate timely client or management reporting. Products included public funds, ETF’s, institutional, private client UMA, and retail UMA. Portfolio accounting, reconciliation, performance, and client reporting. These functions are outsourced to multiple vendors including Archer, SEI, Citi and CheckFree. Further challenging the client in this complex landscape was a lack of governance across the data landscape. The client struggled with taxonomy, legacy data, and poor documentation. They could not easily add new data sources or accurately report across all time periods and sources. The client’s Chief Technology and... Read Full Article

Scalability and Repeatability for Global Service Provider

BACKGROUND Meradia was retained by a leading global asset servicing company to solve scalability problems arising from the rapid growth of their data warehouse. Expansion of the firm’s data warehouse to meet the influx of new clients and service offerings was complex with the extension of historical data and addition of new functionality. Complicating the expansion were substantial numbers of errors occurring in parallel testing phases which prevented the migration of enhancements to production. Each new client had different needs and requirements. Staff from various teams across the globe serviced the new clients while also working to enhance functional... Read Full Article