Causeway Capital Management LLC selects Misys Treasury Plus for foreign exchange transaction services
• Misys Treasury Plus significantly cuts time taken to perform confirmation matching
• Causeway Capital Management LLC joins an expanding client base of over 70% of the world’s top 25 investment management firms
• Causeway Capital Management LLC joins an expanding client base of over 70% of the world’s top 25 investment management firms
London and New York - 15th December 2005 – Causeway Capital Management LLC (Causeway) has chosen Misys Banking Systems (Misys) to increase efficiencies in the confirmation and settlement processes for FX, money market, and other financial instrument transactions. The market leading integrated treasury portal, Misys Treasury Plus, is also being used by Causeway to streamline operations by eliminating manual processes.
By automating its short-term investment confirmation matching, Causeway is able to achieve greater efficiency through the realisation of straight-through-processing. Misys Treasury Plus is on-demand ‘Software as a Service’, which provides a comprehensive suite of integrated tools for managing working capital and liquidity across multiple-banking relationships, accounts and currencies.
Asset managers increasingly need to replace current manual paper-based treasury operations with automated and streamlined processes because of the growing complexities of trading portfolios. In addition, access to real-time information is critical to monitor positions effectively and control risks.
“Our goal was to implement a system that would increase efficiencies without taxing existing internal resources during implementation,” stated Pete Petersen, Head of Technology at Causeway. “In addition, we wanted a system that would automate the front office to the back offices and would be easy to install whilst integrating with our existing platforms. Misys helped Causeway to effectively obtain this goal.”
Commenting on the project, Mark Davies, CEO of Misys Global Managed Services (GMS), which has designed and built Misys Treasury Plus, said, “Causeway joins the expanding Misys Treasury Plus client base which now includes over 70% of the world’s top 25 investment management firms. We are delighted to have such a forward-looking and ambitious player in the fund market join the platform.”
For further information please contact:
Edward Taylor
Global Head of Public Relations
Misys Banking Systems
+44 (0) 208 486 1661
edward.taylor@misys.com
Global Head of Public Relations
Misys Banking Systems
+44 (0) 208 486 1661
edward.taylor@misys.com
About Misys Banking Systems
Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 49 of the world's top 50 banks, with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,600 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc.
Misys Banking Systems supplies over 1,200 customers in over 120 countries, among them 49 of the world's top 50 banks, with software and solutions for retail banking, wholesale banking, treasury and capital markets and risk management. It has 2,600 people around the world, over 70% of whom are outside of the United Kingdom, and sales, implementation and customer support teams in over 28 countries. Misys Banking Systems is part of Misys plc.
About Misys plc
Misys plc (FTSE: MSY), the global software company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries and the UK general insurance industry, combining technological expertise with in-depth understanding of customers’ markets and operational needs. In banking Misys is one of the top four software providers worldwide and the largest outside the US, with over 1,200 customers, including 49 of the world’s top 50 banks. In healthcare Misys is a top five software provider in the US market, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance Misys is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to over 8,000 financial advisers in the UK. Misys employs over 6500 people who serve customers in more than 120 countries. For more information, visit www.misys.com
Misys plc (FTSE: MSY), the global software company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries and the UK general insurance industry, combining technological expertise with in-depth understanding of customers’ markets and operational needs. In banking Misys is one of the top four software providers worldwide and the largest outside the US, with over 1,200 customers, including 49 of the world’s top 50 banks. In healthcare Misys is a top five software provider in the US market, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance Misys is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to over 8,000 financial advisers in the UK. Misys employs over 6500 people who serve customers in more than 120 countries. For more information, visit www.misys.com
Misys. Making things that really matter, work better.
About Causeway Capital Management LLC
Causeway is a majority employee-owned investment firm based in Los Angeles, California. Causeway began managing assets in June 2001 and currently manages approximately $14.7 billion in global and international equities for large corporations, public, Taft-Hartley, endowments and socially responsible clients.
Causeway is a majority employee-owned investment firm based in Los Angeles, California. Causeway began managing assets in June 2001 and currently manages approximately $14.7 billion in global and international equities for large corporations, public, Taft-Hartley, endowments and socially responsible clients.
