Vermilion secures asset manager in Australia for reporting
Challenger has chosen Vermilion Reporting Suite for its institutional client base.
David Mackaway, general manager of operations at Challenger, says: “Vermilion’s multi-tenanted approach will enhance our ability to deliver reporting for our boutique investment manager partners and our Life company. Having the capability to provide factsheets, questionnaire responses and client reports from a single platform is an attractive proposition.”
The implementation project is scheduled to commence during the summer.
Challenger Limited is an ASX (Australian Securities Exchange)-listed investment management firm managing $57.4 billion in assets (as at 31 March 2016). It operates two core investment businesses, a fiduciary Funds Management division and an APRA (Australian Prudential Regulation Authority)-regulated Life division.
The colour of money
Recently, Vermilion completed a project at Jyske Bank in Denmark.
Jyske Bank, which holds the third largest market share in Denmark and specialises in private banking, embarked on the IT revamp last summer. On the way out was the in-house built system.