MUFG Investor Services (MUFG) has integrated Anaplan for the use of carried interest modeling for its alternative investment clients.
Anaplan’s new tool enables MUFG to scale and centralise the planning process, in addition to reducing the inconsistency of data sets and the level of risk in the processes.
MUFG Investor Services has implemented Anaplan across Europe and North America, with the technology applied to key client funds launched in 2018 and integrated into the organisation’s private equity functions.
Carried interest models for all client funds, as well as other fee calculations, will be integrated into the programme in 2019.
MUFG Investor Services has also established a center of excellence with dedicated resources in North America and Europe to handle and support future model roll-outs and enhancements.
Mike Dickey, executive director of product development at MUFG Investor Services, said: “We are seeing a greater demand by limited partners for increased transparency into the performance fee process and there is an urgent need for smarter and more accurate technologies.”
He added: “The technology will replace existing risk prone, manually controlled processes and enable clients to tailor and run their own modelling scenarios, with minimal outside assistance.”
Henri Wajsblat, head of financial services solutions at Anaplan, commented: “Data transparency, monitoring and reporting are challenging issues in the alternative investment industry.”
He added: “Anaplan’s platform for connected planning provides flexible multi-dimensional modelling, delivering calculations at high speed for real-time insights and reporting that drive operational efficiencies. MUFG is able to greatly benefit from this capability and we look forward to the ongoing partnership.”
