Date: 01 May 2016

$10bn London Alternative Asset Manager signs up to iRecs reconciliation.

Watson Wheatley Financial Systems (WWFS), specialists in securities reconciliation, have announced the signing of a new client, a London based $10bn alternative asset manager.

“Our latest client recognised the need for our unique Total Equity reconciliation as they are keen to tie out their margin balances with their Prime Brokers to the penny. They now have complete control of their reconciliations and are able to solve the FIFO/book cost differences that occur in their high frequency trading environment.” Commented WWFS Director Duncan Wheatley

Duncan has over 30 years experience in the financial markets working in both New York and London. He was previously Global Head of Operations for a $350bn asset manager, Head of Operations at a London hedge fund and Head of Back and Middle Office Development at the largest hedge fund in Europe. Duncan is a keen sailor and can be found regularly crossing the channel in his yacht 'Liquid Asset'.