Commcise continues US expansion with CommciseBUY 13 March 2018New York Reporter: Jenna Lomax
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Commcise has continued its growth in the US with the roll out of it solution, CommciseBUY, across a number of global investment and asset management firms in North America during 2017.
Last year, Lazard Asset Management LLC, Sayles & Company, L.P. and MFS Investment Management, as well as Pzena Investment Management, LLC, and William Blair Investment Management, LLC, all signed up to the new solution.
Projects completed by Commicise last year will deliver a range of services including multi-asset support, comprehensive support for commission sharing agreement and research payment accounts, consumption tracking and broker voting.
According to Commcise, its fair allocation engine helps asset managers provide research budgets at a fund level whilst ensuring at all times that funding and research consumptions budgets are kept in sync.
Amrish Ganatra, CEO at Commcise, said: “North America is a key financial market and we are delighted to be growing both our client base and our team to support asset managers and hedge funds in the US and Canada.”
He added: “We have observed a growing trend towards transparency in the industry and are working with our clients to implement this and to evolve their methodology of valuing and tracking research.”
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