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Date: 03 August 2023

Two US-based Alternative Investment Managers sign with Reconciliation Specialist Watson Wheatley

Watson Wheatley has announced the signing of two US-based alternative investment management firms with users in locations worldwide.

One contract represents a multi-year, multi-stage agreement with reconciliations taking place across several internal systems and external providers. The other makes use of the extensive data aggregation capabilities of iRecs to work with custom data files from proprietary systems.

Watson Wheatley COO Tom Wheatley commented: "We are pleased to on-board these new US firms onto iRecs and are likely to be able to announce more in the coming months. It is great to see our US expansion is taking shape and we are adding to our existing client base"

About Watson Wheatley

Watson Wheatley was founded in 2007 to solve reconciliation complexities in buy-side firms and bring much needed reconciliation expertise to the FinTech space. The iRecs reconciliation tool was originally built for one of the largest hedge funds in Europe and offers a highly automated solution for reconciling even the most complex instruments. The system offers a fully integrated and best practice reconciliation approach which solves balance and position differences using the underlying transaction data.

 

Watson Wheatley has since expanded its product range to cover other reconciliations, data aggregation and portfolio analytics, launching its Nevada solution in 2022. With extensive experience in financial markets and a reputation for excellent customer service, Watson Wheatley is regarded as the premier provider of reconciliation, data aggregation and portfolio analytics solutions for asset managers.