FundRock, a UCITS management company and alternative investment fund manager, has chosen Zeidler to improve its conduct due diligence.
The company will implement the due diligence service to access bespoke questionnaires for different counterparties, automated risk ratings and autofill and pre-population features. The solution will also offer a comprehensive reporting functionality.
FundRock director investment management and distribution oversight Matteo Sbrolla said, “Conducting due diligence on our clients and counterparties has been a long-established practice at FundRock. However, with our firm’s rapid growth and client base expansion over the past few years, the due diligence process – including sending questionnaires, collecting answers, analysing responses and building reports – had become a very time-consuming task.
“We are now using Zeidler’s solution to conduct initial and ongoing due diligence on hundreds of our clients and counterparties. We are already seeing the benefits of this solution – faster responses from clients and counterparties and greater efficiency for our teams due to the user friendly, automated set up of the process.”
The Zeidler Group offers a technology-powered legal and compliance solution for asset managers. Its technology, which is used in 45 jurisdictions, supports counterparty due diligence, KID production and management.
Arne Zeidler, Founder and Managing Director at the Zeidler Group says “We launched our counterparty due diligence service in response to client frustrations with the existing solutions available.”
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