Head Of Emea
CurrentWorking to deliver a game changing proposition in the investment space. Saphyre is an outstanding new product that is already being used by some of the largest asset managers, custodians and investment banks in the world. It delivers significant benefits in terms of cost savings and earlier revenue recognition. This is enabling early adopters to gain a competitive edge. This is achieved by creating a central platform that brokers, custodians, asset owners, investment managers, OMS tools and others can use to exchange key information around client setup, documentation, trading agreements, IMAs and more. All those who choose to digitally join the dots stand to benefit to different degrees and in different ways. The common thread is a reduction in administrative load and associated cost, with swathes of emails and phone calls around setup and trouble shooting (e.g. non-matching / failing trades) becoming unnecessary, because things are setup right, then stay right. Asset owners are able to deploy assets to new managers or strategies much more rapidly. Asset managers can reduce the time to being "ready to fund", which allows an earlier start to management fees. Brokers save hugely on time and can be ready to trade sooner. Custodians get time savings and replace multiple manual interfaces with a slick single access point. A digitised custody account opening process and electronic exchange of Standard Settlement Instructions means account setups are quick, accurate at setup and stay accurate over time. Knowing which accounts and markets are open on a live basis avoids allocating to those that aren’t ready, making the phrase “ready to trade” more meaningful. Failed trades fall and both dealing desks and middle offices save material quantities of time on dealing with issues.
