Singapore, Hong Kong, 13 September 2016 — Bloomberg announced today that Gordian Capital, a Singapore-based institutional fund management platform, will implement the Bloomberg Entity Exchange solution to help its clients pursue new fund opportunities faster. Gordian Capital’s selection of Entity Exchange signifies the platform’s growing importance in Asia Pacific, following its global launch in May.
Bloomberg’s Entity Exchange platform is a web-based, centralized and secure solution that enables the buy-side community to provide entity data and documentation to their trading counterparties. It also eases the process of opening new trade accounts for the buy-side, while also helping brokers satisfy Know-Your-Customer (KYC) compliance requirements.
“As Asia’s leading institutional fund management platform, with a 10-year plus track record in fund management, our clients continue to rely on us to provide best-in-class services from establishing a fund to operating it – so speed, efficiency and security during the on-boarding process are paramount,” said Mark Voumard, Co-founder and CEO of Gordian Capital. “The KYC process is an on-going exercise for a business like ours which has always offered our clients open architecture, resulting in multiple counterparties and can sometimes take a significant period of time. Bloomberg’s Entity Exchange platform is unique in simplifying the process of exchanging information and documentation securely with our counterparties.”
Asia’s buy-side community including hedge funds, asset managers and pension funds, tend to trade with several brokers to facilitate sophisticated trading strategies. These counterparties require a great deal of information and documentation to establish trading relationships, and these requirements frequently change.
While global regulations require brokers to collect and organize customer information as part of an established KYC program, entity information management is a two-way challenge that can be made easier for the buy-side. Bloomberg’s Entity Exchange takes a broader approach to KYC that improves the buy-side’s onboarding workflow and experience as well.
“Bloomberg’s Entity Exchange is a unique approach to the KYC process that considers the buy-side’s on-boarding challenge as well as the sell-side’s information requirements,” said Dan Matthies, head of Bloomberg Entity Exchange. “Since the global launch of Bloomberg’s Entity Exchange in May this year, we have seen a growing number of clients on the platform. We are delighted that Gordian Capital has joined the ranks to innovatively change the way counterparties relate, resulting in accelerated fund launches for their clients.”
Supported by Bloomberg’s data intelligence team, Entity Exchange aggregates an investment firm’s information into an entity profile used to automate the completion of various on-boarding forms. For example, when a broker sends a request for the client’s information, Entity Exchange automatically matches documents and data from the client’s profile to the information requested for the client to review before it is released to the broker.
The platform gives clients control over the distribution of sensitive firm information through a permission-based workflow supported by the same multi-factor authentication technology offered to Bloomberg Professional service subscribers. Entity Exchange also produces a comprehensive audit trail of each workflow, in addition to delivering timely, client-validated information to sell-side firms.
About Gordian Capital
Established in Singapore in 2005 by capital markets professionals and alternatives industry veterans active in Asia since the 1980s, Gordian Capital is Asia’s leading independent alternative funds specialist. As a fully licensed and regulated asset management firm based in Singapore, Gordian Capital provides, via its platform, cost effective and timely establishment & operation of fully-regulated fund vehicles or managed accounts for experienced portfolio managers seeking to launch their own fund. Gordian Capital also provides fund structuring and operational services to a variety of clients including institutional investors, private banks, pension funds, asset managers, banks, significant families and Ultra High Net Worth Individuals, supported by a robust institutional level infrastructure. Strategies include hedge funds, long only funds, Private Credit, Private Equity Venture Capital and Real Estate. To learn more about Gordian Capital’s services, please visit http://www.gordian-capital.com/
About Entity Exchange
Entity Exchange is a centralized, web-based platform that gives hedge funds a secure and streamlined way to provide sensitive documents and data critical to the onboarding process to trading counterparties. Hedge funds can use this solution to manage multiple counterparty relationships through a single, secure platform. Funds can respond to requests for current documentation, give specific organizations permission to receive it and notify multiple counterparties about changes simultaneously. To learn more about the Entity Exchange platform, please visit http://www.bloomberglp.com/ee
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com or request a demo.
- Mark Voumard, firstname.lastname@example.org, +65-6597-6680
- APAC, Jenny Yeo, email@example.com, +65-6499-2926
- EMEA, Anna Schoeffler, firstname.lastname@example.org, +44-20-3525-0776
- S., Chantal De Soto, email@example.com, +212-617-4133
- LATAM, Pam Snook, firstname.lastname@example.org, +212-617-7652