Founded in 2016, a well-established independent asset management firm based in Stockholm wanted to expand its operations, offering institutional investors the opportunity to invest in Swedish residential mortgages. Institutional investors could directly invest in the Swedish mortgage market having a long-term investment return.

The Asset Manager wanted to modernise and improve their operations to meet growing customer needs.  As they were using excel sheets having manual processes in place at that time, they required to upgrade their services and save valuable time and resources whilst eliminating manual errors. With these in mind, they performed a vendor assessment process to select a system or a service that would take away the administration burden pertinent to the shareholders of the fund, as well as calculations and payments of quarterly dividend to shareholders etc.

In addition, they wanted to manage fund transactions and reporting to clients more efficiently. Selecting the right platform was crucial to reduce manual entries thus eliminating dependencies and operational risk. Based on vendors review, Centevo was selected as the partner of choice to deliver the flexibility and efficiency needed, as well as the management of back-office operations, all of which are included in the Profile Centevo Suite.

The asset and fund management firm decided to utilise Profile Centevo’s Suite to…