AFP Habitat Selects Princeton Financial Systems’ MIG21 Compliance Platform
PRINCETON, N.J. -- November 29, 2012
Princeton Financial^® Systems, a solution provider to the global investment
industry, today announced Administradora de Fondos de Pensiones (AFP) Habitat
S.A., the second largest pension fund in Chile's private pension system,
selected MIG21^® for its investment compliance needs. Partnering with
Gesintel, a risk and compliance solutions provider for Chilean and Latin
America based firms; Princeton Financial will provide AFP Habitat with the
compliance system of choice for seven of the world's ten largest global
MIG21 optimizes and automates pre-trade and post-trade investment compliance
checking, and improves the administration of regulatory, prospectus and
internal investment guidelines and resolution workflows. A flexible rules
engine combined with advanced data and resolution management tools provide
fully auditable controls of the investment process.
AFP Habitat had been searching for a compliance engine to manage complex
exposure and trading scenario rules that enhance the speed with which to
comply to the Chilean Pension Supervisor regulations, and the capability to
meet future compliance obligations as they evolve.
Gesintel S.A. will provide the implementation and post live support to AFP
Habitat as the local partner for Princeton. “We are excited for the market in
Chile to have an option such as MIG21 for both pre and post trade compliance.
AFP Habitat is a highly reputable firm,” said Cesar Poblete, Chief Marketing
Officer at Gesintel S.A.
“The MIG21 platform supports the evolving needs of firms around the world
dealing with multiple jurisdictions, asset classes and funds. Princeton
Financial’s extensive background in the industry provides us with a deep
understanding of the constant challenges faced by our global clients,” said
Christian J. Farber, Chief Marketing Officer of Princeton Financial Systems.
“MIG21 is a gold standard for investment compliance and we are pleased to be
in partnership with such a notable Chilean firm.”
About Princeton Financial Systems
Princeton Financial Systems, a State Street company, is a leading provider of
investment accounting, investment compliance, data management, performance
measurement, and reporting solutions to the global investment industry. Our
solutions are used worldwide by over 430 leading investment managers,
custodians, insurance companies, pension funds, hedge funds, and banks in more
than 40 countries.
Our PAM family of systems are leading international investment accounting
solutions that support the accounting needs of +370 clients around the globe.
Seven of the world’s largest global custodians monitor investment compliance
with MIG21 powered by its LawCards suite of rule libraries for global
Princeton Financial Systems, headquartered in Princeton, NJ, has offices
located throughout the United States, Canada, France, Germany, the
Netherlands, Switzerland, the United Kingdom, Malaysia, and Singapore.
For more information, visit Princeton Financial Systems’ website at
Princeton Financial Systems
Michele Boudway, +1-609-514-4576
River Communications, Inc.
Justin Meise, +1-914-686-5599
Press spacebar to pause and continue. Press esc to stop.