Teknometry, the on-demand performance analysis software provider for asset managers, announces today that it has won the Best Cloud Migration Project category at the UK Cloud Awards 2014 for its deployment at Royal London Asset Management (RLAM).
The inaugural awards (run by Cloud Industry Forum, Cloud Pro and techUK), were presented on 26 February, the first day of Cloud Expo, before 250 guests at London’s City Hall.
Teknometry’s managing director Mick Brant received the trophy from keynote speaker; sponsor Outsourcery’s joint-CEO and BBC ‘dragon’, Piers Linney.
“We are delighted to have received this accolade. It bears testimony to our innovative approach, the foresight of Royal London Asset Management in seeing the benefits of a cloud solution and, as an early adopter, the faith they had in us.”Mick Brant, Managing Director, Teknometry
This success follows Teknometry receiving a Special Commendation at the Funds Europe Awards in November 2013, in the ‘European Operations & Technology Providers of the Year – Middle Office’ category.
The UK Cloud award sought to recognise a project that best exemplified the benefits that can be gained from migration to a cloud service from a traditional delivery model, showing best practice in how to mitigate data and service loss and demonstrating material value from the successful delivery of the project. Royal London Asset Management went live in April 2013.
“Teknometry offers an innovative product with a unique proposition and we congratulate the team on winning this award. Teknometry was able to integrate existing data and workflows in a very short timeframe, with very little procedural change. This made migration relatively pain-free. The system went live seamlessly at quarter end and met or exceeded all of our reporting deadlines. This really was the acid test.”Rakesh Kumar, RLAM’s Head of Fund Operations and Performance Measurement
Teknometry, the on-demand performance analysis software provider for asset managers’ middle office, announces today that it has received a Special Commendation at the Funds Europe Awards 2013 for its performance and attribution platform. The commendation, within the category ‘European Operations & Technology Providers of the Year – Middle Office’, was received at the Tower of London on 28 November.
After more than two years in development, Teknometry’s software was launched to market in the second quarter of 2013. This followed contracts being signed with two prestigious institutions, Royal London Asset Management (RLAM) and Brewin Dolphin, both of which went live in April 2013.
“We are thrilled to have received this Special Commendation. It bears testimony to the innovative approach we have taken and the faith that our clients have had in us. We have, in effect, been voted the most innovative performance and attribution system provider by one of the UK’s most respected asset management periodicals.”Mick Brant, Managing Director, Teknometry
Teknometry employs unique resource scheduling technology that scales dynamically as clients sign on to their own secure realm. The ‘Pay As You Grow’ pricing model is based on volumes and the services used, rather than a traditional software licence model, making the service attractive to a broader range of investment organisations.
“Teknometry offers an innovative product with a unique proposition and we congratulate the team on their Special Commendation. RLAM was an early adopter and this award helps to validate our decision to select Teknometry as our provider.”Rakesh Kumar, RLAM’s Head of Fund Operations and Performance Measurement
Teknometry, the on-demand performance analysis software provider for asset managers, investors and advisors, announces today that it has signed a contract with Royal London Asset Management to provide investment performance analysis across its entire portfolio, as the leading UK asset manager seeks to expand its analytical capabilities.
Royal London Asset Management (RLAM), which has around £50bn of assets under management, has selected Teknometry’s new cloud-based service, offering performance, attribution and risk analysis. RLAM manages assets on behalf of a wide range of institutional and wholesale clients, as well as that of its parent company, Royal London Group (the UK’s largest mutual life and pensions company). Teknometry will provide the scalability to expand RLAM’s analytical capabilities in terms of volume and functionality.
“We have been taking steps to expand the reach whilst consolidating the number of our analytical tools. We chose Teknometry because of the flexibility of its solution and the experience of the team. Teknometry was able to integrate our existing data and workflows in a very short time frame, with very little procedural change. This made migration relatively pain free. Additionally, Teknometry’s development programme coincides with our strategy for expanding our analytical capabilities. The Teknometry operating model is a good fit with the way in which we acquire services across the business.”Rakesh Kumar, Head of Collectives and Performance Measurement at RLAM
“We are very excited to have attracted a client of RLAM’s calibre. Leading asset managers are recognising the need for an affordable alternative to a locally installed performance system or hundreds of complex, and often cumbersome, spreadsheets.”Mick Brant, Managing Director, Teknometry
About Royal London Asset Management
Royal London Asset Management (RLAM) was established in 1988 and specialises in providing investment management solutions for both the Royal London Group and a range of external institutions. These include listed companies, local authorities, universities, charities, wealth managers and financial advisers. RLAM manages £49.4 billion of assets and employs more than 50 experienced investment professionals in its London office (as at 28 February 2013). For further information, please visit www.rlam.co.uk.