Waystone launches Milestone Group’s oversight platform 12 December 2023UK Reporter: Jack McRae
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Waystone Management has successfully implemented Milestone Group’s pControl platform.
The platform will offer a comprehensive net asset value (NAV) oversight and validation service across Waystone Management UK’s portfolio of authorised corporate directors clients. The platform improves operational efficiency and mitigates risk.
Waystone Group, the parent of Waystone Management UK, is also looking to leverage the solution to combine all its UK ACD businesses into a unified operating model.
Gordon Thomson, head of operational oversight at Waystone Management UK, says: “Working closely with the team at Milestone Group, we are at the cutting edge of operational technology. By gaining greater automation of NAV oversight providing a single view of any issues, pControl allows us to continue to be a pioneer in the ACD/ManCo space.”
Paul Roberts, managing director for EMEA at Milestone Group, adds: “Our aim is to assist firms like Waystone Group to achieve simplification in what can be an operationally challenging environment, where funds are operating across a range of regions and different systems. pControl significantly reduces operational risk in a way that directly supports operations and oversight professionals.”
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