VITEOS announces significant growth 08 February 2011New York Reporter: Steven Lafferty
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VITEOS, has announced significant growth in assets under administration for the year ended December 31, 2010. VITEOS’ assets under administration have increased by $4.8 billion for the year ending December 31, 2010, representing a 117% increase over 2009. Driving the growth are fund managers that previously were self-administered.
Said Francis Rainsford, Executive Vice President of VITEOS: “The increase in AUA, validates our business model. Clients are attracted to VITEOS because of the breadth and depth of our offerings, which go beyond what has been traditionally considered fund administration. Our consultative approach to providing services enables VITEOS to tailor solutions around the needs of our clients.”
Said Jonathan White, Director of Business Development in the United States: “When clients meet with VITEOS for the first time, they find that we focus on understanding their business and that we offer a comprehensive solution that addresses both their near and long term needs. Selection of a fund administrator, especially as today’s markets make for a complex business environment, is much more than providing monthly NAVs and investor servicing. Fund managers now consider how they can leverage their fund administrator to optimize operational efficiencies. Critical to that task is the selection of an administrator with a deep bench of intellectual capital and a global service model. Cookie-cutters simply no longer work.”
VITEOS’ singular platform enables clients to look beyond fund administration to include all aspects of their middle and back office operations. Continues Jonathan White: “VITEOS tailors its services to create a distinct solution for our clients. It’s our ability to bundle and unbundle services that makes us unique. We presently process over $35 billion in assets for our middle office outsourcing and fund administration clients across all asset classes.”
VITEOS continues to see strong growth across all its service offerings, as stated by Andrew Kaufmann, Director of Business Development in Europe: “In Europe fund managers are more focused on post-trade processing and portfolio management. We demonstrate time and time again that we can deliver a complete solution for our clients, whether it is addressing implementation of portfolio systems or outsourcing their middle office. We invest heavily in technology, and clients recognized that when they consider the buy versus build solution, VITEOS is the one conversation they need to have when making the decision.”
Concludes Francis Rainsford: “We focus on our client centric approach to providing services. When we say we are ‘the one’ conversation fund managers need to have it means that best thinking leads to best practices in optimizing the operational needs of our clients.”
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