The fund management industry has long been dependent on fax messages and manual processing.

It is estimated that the industry spends billions of dollars every year on high-cost manual processes and compensations for loss due to processing errors. This is a huge challenge for the investment funds industry in growing its business as most of these processes are not scalable.

There has been a growing focus in the industry on standardising and automating the fund administration process. This drive is gaining momentum rapidly in Europe and, now Asia, with many of the leading players, such as Brown Brothers Harriman, Citigroup, Crédit Agricole Investor Services, Crédit Suisse Asset Management Fund Services, Clearstream and Euroclear, committed to adopting SWIFTNet Funds. In Asia, key players such as HSBC, ING, Fubon, Fidelity and Taishin are rolling out their platforms this year. In August, Fidelity and HSBC Institutional Trust Services went live on SWIFTNet Fund. This not only marked an exciting milestone for Asia but also kick-started automation in the local market with a number of key players already pushed ahead their automation projects.

The SWIFTNet Fund automation solution not only improves the efficiency of back-end processing and customer service operations, but also provides a scalable platform to automate the supply chain with reduced risks and costs. Automation also provides a longer trading window for order consolidation and placement, enabling fund houses to provide a wider distribution reach.

Building on the success of the previous MasterClasses, SWIFT is hosting a new series of SWIFTNet Fund MasterClasses in Hong Kong, Taiwan, Singapore and, for the first time, Seoul.

The purpose of these meetings is to bring together key industry participants in Asia to discuss the latest developments in ISO 20022 standards, the SWIFTNet Fund, and the latest trends and automation solutions from solution providers. Thanks to key players who have adopted the standard sharing their experiences, the SWIFT MasterClass provides opportunities for participants to network and interact with representatives from leading institutions, enabling them to find out how the automation solution might improve the efficiency of their back-end processing and customer service operation.

The conference will bring together keynote speakers from the fund managers and distributors as well as the regional experts from SWIFT to discuss the latest trends and their action plans. Through a mixture of presentations, panel discussions, case studies and solution exhibitions, delegates will learn:

• How fund automation can help reduce operational and processing costs
• The implementation issues of fund automation and case studies
• The benefits of fund automation
• How to get started with SWIFTNet Funds
• Solutions for different types of institutions
• The latest projects in Asia

For Industry Participants and Press: FREE REGISTRATION
Non Financial Institutions: USD 150 / person

Please contact Miss Barbara Law for enquiries.
Tel: (852) 2810 6201
Fax: (852) 2810 6098
Email: barbara.law@euro-events.com