Baillie Gifford selects corfinancial post-trade solution
18 February 2019 London
![Generic business image for news article](https://www.assetservicingtimes.com/assetservicesnews/images/MondayFebruary1820191550494917.jpg)
Baillie Gifford has selected corfinancial’s post-trade solution salerio to automate its global trade processing.
Baillie Gifford is an investment management firm founded in Edinburgh in 1908.
With headquarters in London, corfinancial is a software firm, with offices in New York and Boston.
Louise Laidlaw, head of settlements at Baillie Gifford, said: “Baillie Gifford is unique in the UK in being a large-scale investment business that has remained an independent private partnership. This ownership structure has allowed us to keep our efforts focused entirely on our clients and their investments.”
She added: “We decided that it was time to transition our existing operating model to a strategic solution that encompassed the whole trade processing lifecycle. Not only were we looking for a comprehensive, automated exception management system, but also the right people to work with.”
Bruce Hobson, CEO at corfinancial, said: “Investment management organisations are under increasing pressure to reduce risks, cut costs and bring efficiencies to post-trade processes.”
He added: “Baillie Gifford recognises the benefits that straight-through processing and scalability can deliver in helping the firm serve its growing international client base.”
Baillie Gifford is an investment management firm founded in Edinburgh in 1908.
With headquarters in London, corfinancial is a software firm, with offices in New York and Boston.
Louise Laidlaw, head of settlements at Baillie Gifford, said: “Baillie Gifford is unique in the UK in being a large-scale investment business that has remained an independent private partnership. This ownership structure has allowed us to keep our efforts focused entirely on our clients and their investments.”
She added: “We decided that it was time to transition our existing operating model to a strategic solution that encompassed the whole trade processing lifecycle. Not only were we looking for a comprehensive, automated exception management system, but also the right people to work with.”
Bruce Hobson, CEO at corfinancial, said: “Investment management organisations are under increasing pressure to reduce risks, cut costs and bring efficiencies to post-trade processes.”
He added: “Baillie Gifford recognises the benefits that straight-through processing and scalability can deliver in helping the firm serve its growing international client base.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
![Advertisement](../images/bull-252524.png)