Calastone Company Market Research Report
Company Overview
- Name: Calastone
- Mission of the Company: Calastone aims to reduce complexity, risk, and cost, enhancing the industry's ability to deliver greater value to investors through digitalisation of funds.
- Founded: No information is available
- Founders: No information is available
- Key People in the Company:
- Julien Hammerson - Chief Executive Officer
- Ahsan Raza - Chief Financial Officer & Deputy Chief Executive Officer
- Adam Belding - Chief Architect
- Justin Christopher - Managing Director - Head of Asia
- Hannah Coulson - Chief People Officer
- Ross Fox - Managing Director - Head of UK & Europe
- Edward Glyn - Head of Global Markets
- Brian Godins - Chief Commercial Officer
- Jolyon Griffiths - General Counsel
- Marsha Lee - Managing Director - Head of Australia and New Zealand
- Stephen Leggett - Chief Operating Officer
- Edward Lopez - President, Global Money Market Services
- Nick Parsons - Chief Technology Officer
- Andrew Tomlinson - Chief Marketing Officer
- Ken Tregidgo - Vice Chairman
- Headquarters: Calastone is headquartered in London, with additional offices in Luxembourg, Hong Kong, Taipei, Singapore, New York, and Sydney.
- Number of Employees: No information is available
- Revenue: No information is available
- Known For: Calastone is known as the largest global funds network, connecting the world's leading financial organizations.
Products
- Mutual Funds: Automates every step of the trading process for funds, supporting fund managers, distributors, and asset servicers in their digital transformation.
- Key Features: Enhanced operational efficiency, cost and risk reduction.
- Money Market Services: Optimises the liquidity investment process by enabling digital connections among money market fund investors, treasury systems, portals, and fund providers.
- Key Features: Automated investment process, reduced processing risks, and greater investor safety.
- ETF Servicing: Provides an administration platform for the primary market, where ETF shares are created and redeemed.
- Key Features: Real-time visibility, scalable trading, automated cost calculations, secure cloud deployment.
- Calastone Digital Investments: Focuses on tokenisation of investment products to transform and streamline the industry.
- Key Features: Digital end-to-end solution, real-time processes, enhanced transparency.
- Order Routing: Automates mutual fund orders, offering a fully interoperable solution, leading to operational efficiencies.
- Key Features: Flexible connectivity options, swift onboarding process.
- Settlements: Streamlines fund settlement operations with automated calculations and payments on a global scale.
- Key Features: Real-time fund trades overview, fast onboarding.
- Share Class Conversions: Automates the conversion process to improve efficiency and investor experience.
- Key Features: Full audit trails, scalable processing, compliance with regulatory requirements.
- Dividends: Enhances dividend distribution efficiency with global connections and automated processes.
- Key Features: Transparency, operational simplicity.
- Reporting: Ensures accurate client holdings records and regulatory compliance through automated processes.
- Key Features: Automated data delivery, streamlined reconciliations.
- Transfers: Enables fast, accurate asset transfers without redemption.
- Key Features: Global transfers solution, transparency and operational efficiency.
- CDSC (Contingent Deferred Sales Charge): Optimises fund management by automating redemption fee calculations and enhancing reporting.
- Key Features: Automated data migration, supports different valuation calculations.
Recent Developments
- Recent Developments:
- Calastone is significantly expanding its operations in Brazil by incorporating fund administrator Vortx into its network.
- The company's Investor Loyalty report reflected a significant behavioural shift, with investment holding periods dropping and activity surging.
- New Products: No new products were specifically mentioned.
- New Features: Continued push towards digitalisation and tokenisation.
- Partnerships:
- Calastone expanded Brazilian partnerships through a collaboration with Vortx, promoting open architecture and digital transition in fund administration.
Conclusion
Calastone's consistent growth and influence in the financial services sector are driven by its commitment to digital transformation. Innovations such as tokenisation through the Calastone Network demonstrate the company's strategic direction towards greater efficiency, accessibility, and investor engagement. Their efforts in turnkey solutions for fund management and administration across the globe, including in emergent markets like Brazil via partnerships with entities like Vortx, showcases a forward-thinking model in asset management services.
