Technology is one of the fundamental themes pushing specialist fund administrators, says Intertrust Group’s Lee Godfrey

Our Managing Director for Western Europe, Lee Godfrey, was recently featured in Funds Europe providing his views on the future and professionalisation of the fund administration services.

Firms in private equity, debt, real estate and infrastructure funds are growing quickly. As a result, many professionals from custodian banks are now joining specialist administration firms that provide services to private equity funds.

This means that fund professionals who have moved from custodian-owned fund administrators to smaller specialists are sharing their regulatory knowledge and their experience in delivering high-volume transactions quickly  – and are driving trends in technology and automation.

For one, this making their services far more competitive: traditional trust and corporate services firms typically charge their clients by hour, which means that manual, time-consuming processes can be costly.

Commenting on the need for specialists to gain more efficiencies through automation in order to reduce costs, Lee said:

Technology is one of the fundamental themes pushing specialist fund administrators, along with volume and regulation.

Lee added that he envisions a future where specialists not only compete with traditional administration firms, but also enter into technology partnerships with them.

They have the scale and we have the technology component to leverage up their offering, he continued.

Read the full article here.