Date: 25 April 2018

Watson Wheatley Close Out Financial Year With Record Turnover and New Clients

Reconciliation specialists Watson Wheatley have closed out their financial year with record turnover and the biggest increase in client numbers in its 10 year history. Turnover, excluding prepayments, for the 2017/18 financial year is up 33% on 2016/17, accounted for by a significant increase in new business driven by enhanced system functionality and deep knowledge of reconciliation processes. Client numbers also increased by 30% marking the most successful year ever for the UK-based firm.

Tom Wheatley, COO at Watson Wheatley:

“We are extremely pleased with the performance of Watson Wheatley in the 2017/18 financial year and the team here have worked very hard to achieve this. We have on-boarded a record number of new clients whilst continuing to provide excellent service for our existing customers. Features like our EMIR reconciliation and fully automated daily processing have allowed us to attract new business. Our existing clients are also very happy to act as references and these word of mouth recommendations have solidified a number of sales for us.”

ABOUT WATSON WHEATLEY FINANCIAL SYSTEMS

Watson Wheatley Financial Systems is a reconciliation system vendor with worldwide clients including hedge funds, long-only asset managers and commodities traders. Its principal products are iRecs and Importer. iRecs is an extremely versatile and powerful reconciliation solution, used worldwide by clients with over $160bn in assets under administration. iRecs has recently been shortlisted for the Waters Rankings 2018 and won Reconciliation Platform of the Year at the CoprporateLiveWire Global Awards 2018.


Tom Wheatley

Tom has a background in investment operations working for both Bank of New York and Cazenove Capital Management in London. He previously had a career in motorsport as a driver, instructor and operations manager both in the UK and North America. Tom is currently studying for an Executive MBA at Oxford University's Saïd Business School.