Lauron said those who usually handles the middle office
chores include groups heading the information-technology department.
Leman's responsibilities included supervision of over 24 Electronic Trading staff and over 260 Middle Office
employees globally for customer electronic trading and post execution support respectively.
"The Hedge Fund Middle Office
service has been designed to improve operational efficiency and transparency for hedge fund managers by providing independent third party operations," said Chandresh Iyer, Head of Global Custody and Investment Administration Services at Citi.
There were no back office systems or even middle office
systems that could feed us inventory and prices, nor were there people in their organizations whose job it was to consolidate that information from their retail stares.
Northern Trust Hedge Fund Services is a provider of administration and middle office
services for alternative fund managers and institutional investors with complex portfolios.
Having gone live, it has already seen major benefits, including the removal of more than 10 solutions, much broader front and middle office
functionality and most importantly, access to real-time data that enables its front office to make more timely and informed investment decisions.
Calvin Holmquist, Executive Vice President and Global Head of Transfer Agency and Middle Office
: There are going to be times where we are going to need to upgrade talent and bring folks in from the outside who have skills that we don't have internally.
The combined company said it now offers the industry's most complete end-to-end staffing platform serving the entire recruitment lifecycle with Erecruit Front Office, Middle Office
, Credentialing and VMS solutions for enterprise staffing firms; Adapt Front and Back Office software for middle market firms, eStaff365 Onboarding, and TempBuddy, a temporary workforce management platform.
[USPRwire, Tue Sep 01 2015] Global Middle Office
HFMWeek US Awards has named the unit as 'Best Administrator for Middle Office
' in 2010.
Leman joined Westwater after having spent thirty four years involved in Global Electronic Trading and External Connectivity, Global Middle Office
Operational Management and Regulatory positions with Citigroup, HSBC and the New York Stock Exchange along with their affiliates.