Fixed-income investment manager Western Asset has renewed its partnership with digital technology company T-Scape, which provides the corporate actions application iActs.
Through the partnership, T-Scape will continue to support Western Asset with the development of its corporate actions operating model as it adapts to keep in line with evolving business demands.
Currently working on productivity, risk reduction and control over the corporate actions operation, iActs’ next stage at Western Asset will see it moving into the front office, the investment manager says. By giving the front office a means to access and engage with the corporate actions process, the potential for automation and efficiency will be increased, the company explains.
Danny Shiggins, head of international securities operations at Western Asset, states: “A lot of effort went into researching corporate action providers back in 2019; we determined then that T-Scape and iActs were the best fit for Western Asset. We felt we’d made the right decision then, and with this new deal we are reaffirming that decision.”
David Baxter, managing director at T-Scape, adds: “Good collaboration is absolutely critical if a project is to succeed and, it’s this as much as anything, that is enabling us to build mutually beneficial long-term relationships. We look forward to building upon what’s already been achieved, adding value at every juncture and ensuring Western Asset maintains a global corporate actions operating model that is second to none.”
