deloitte etops launches asset manager package

Press releases

Deloitte and Etops are launching an extensive service package for asset managers

Operations service provider Etops and Deloitte, a leading accounting and professional service firm in Switzerland, are providing an extensive platform of advisory and outsourcing services for asset managers. The platform named “assetbox” combines a European-wide unique range of consulting- and outsourcing services. Hedgefunds and alternative asset managers as well as managers of traditional asset classes can supplement their existing processes and know-how where required with this service. This service allows even smaller providers, which do not have enough in-house resources, to meet the rising regulatory requirements (i.e. the FINMA).

The asset management market is facing continuous change: the growing competition and the launch of various European and Swiss regulatory initiatives increases the complexity of daily business. The decrease of assets under management increases the pressure on margins. As a result of this, many Swiss asset managers will not be able anymore to meet these growing requirements on their own.

Deloitte in Switzerland and Etops have developed a new, independent service offering for asset managers in Switzerland. It supports asset managers to achieve successful business in this highly competitive and regulated market by allowing them to focus on their core business.

The two companies combine their Outsourcing- and Consulting services to support clients in defining their operating model and the application of manager and product licences as well as offering modular outsourcing capabilities in risk management, operations, compliance and accounting for existing products.

Solutions for global product launches

Additionally, this platform facilitates the global launch and distribution of new products. Deloitte experts take care of the application of the distribution license as well as the subsequent administration. Thanks to this service, time to market for launching new products can be substantially decreased.

The goal of assetbox is to create a fitted solution for all asset managers and to show them the most efficient way of working within their model.

The platform is based on an institutional portfolio and risk management system, which was explicitly developed for the needs of specialised asset managers. Other than monitoring of formal prospect restrictions (for example UCITS), the system is also capable of monitoring a wide range of specific risk parameters.

“With the assetbox we have developed a very efficient approach for hedge funds and asset managers to do business within the regulated environment. By combining our leading consulting expertise with operational outsourcing, we have created an ‘asset manager out of the box’, allowing our clients to concentrate on their core competencies”, Michael Appenzeller, CEO of Etops, explains.

“We are confident, that our services offer everything an asset manager needs to be successful in the long-term in today’s market environment”, says Marcel Mayer, Partner, FS Investment Management, of Deloitte in Switzerland.

About Deloitte in Switzerland

Deloitte is a leading accounting and consulting company in Switzerland and provides industry-specific services in the areas of audit, tax, consulting and corporate finance. With approximately 1,100 employees at six locations in Basel, Berne, Geneva, Lausanne, Lugano and Zurich (headquarters), Deloitte serves companies and institutions of all legal forms and sizes in all industry sectors. Deloitte AG is a subsidiary of Deloitte LLP, the UK member firm of Deloitte Touche Tohmatsu Limited (DTTL). DTTL member firms comprise of approximately 200,000 employees in more than 150 countries around the world.

Pfäffikon SZ, 4th November 2013

Note to editors

In this press release references to Deloitte are references to Deloitte AG, a subsidiary of Deloitte LLP, which is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.com/ch/about for a detailed description of the legal structure of DTTL and its member firms. Deloitte LLP and its subsidiaries are leading business advisers, providing audit, tax, consulting and corporate finance services through more than 12,600 exceptional people across the UK and Switzerland. Known as an employer of choice for innovative human resources programmes, it is dedicated to helping its clients and people excel. Deloitte AG is recognised by the Federal Audit Oversight Authority and the Swiss Financial Market Supervisory Authority. The information contained in this press release is correct at the time of going to press.

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