This insight interview was conducted in advance of the Fund Management Operations Summit to be held on the 20th November in London, with Alexandr Sayenko, Deputy Head of Reporting and Analysis for National Investment Corporation of National Bank Of Kazakhstan.
What is the pay-off in terms of organisation, investment and risk management performance from access to more real-time data?
The most important pay-off is shorter time to decision, when data is processed and analysed faster it gives an opportunity to provide management with more actual and reliable information, which allows management to make quick decisions.
What is the most challenging aspect from the receipt of data from third party asset managers?
The most challenging is to start and develop a process. Usually the third-party manager has its own, established reporting process and formats and it takes some time and a lot of effort to understand the manager’s process and format, and to come up with the process that is convenient for the investor and manager. The things are getting even more complicated when there are several third-party managers each having its own reporting process and formats.
What costs savings have you identified from a move to automating the receipt and output of data?
The most important cost saving for us is time. For example, we have decreased time needed to prepare one particular set of reports by 3-4 times just utilising Microsoft Excel properly, from 3-4 days to 1 day. Now we see that by implementing more advanced information systems we can do the same even faster. Because of this time saving we can dedicate more time to analysis and provide management with more advanced reporting.
Registration to the Fund Management Operations Summit on the 20th November at 200 Aldersgate, London, is open and available to register by clicking here.
Only representatives of investment groups and regulatory bodies are able to register for free. Should you not represent an investment group, but wish to be part of this event, then please get in touch with Noel Hillmann at noelhillmann@clearpathanalysis.com or call +44 (0) 207 688 8511 to discuss Summit sponsorship and exhibition opportunities.
