Baillie Gifford has selected corfinancial’s post-trade solution salerio to automate its global trade processing.
Baillie Gifford is an investment management firm founded in Edinburgh in 1908.
With headquarters in London, corfinancial is a software firm, with offices in New York and Boston.
Louise Laidlaw, head of settlements at Baillie Gifford, said: “Baillie Gifford is unique in the UK in being a large-scale investment business that has remained an independent private partnership. This ownership structure has allowed us to keep our efforts focused entirely on our clients and their investments.”
She added: “We decided that it was time to transition our existing operating model to a strategic solution that encompassed the whole trade processing lifecycle. Not only were we looking for a comprehensive, automated exception management system, but also the right people to work with.”
Bruce Hobson, CEO at corfinancial, said: “Investment management organisations are under increasing pressure to reduce risks, cut costs and bring efficiencies to post-trade processes.”
He added: “Baillie Gifford recognises the benefits that straight-through processing and scalability can deliver in helping the firm serve its growing international client base.”
