Managed Accounts Service Garners Two Awards From Money Management Institute
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DTCC has been given two prestigious awards by the Money Management Institute (MMI) for demonstrating innovation and growth in the managed solutions industry, through its Managed Accounts Service (MAS). The awards were presented at the MMI’s recent annual conference and Industry Leadership Recognition Dinner.
DTCC was singled out as 2009 Managed Solutions Vendor of the Year and also won in the 2009 Managed Solutions Operational Improvement of the Year category.
“Despite enormous challenges of the past year, the industry has produced outstanding developments and innovations,” Christopher L. Davis, president, MMI, explained. “DTCC has been tireless in educating the industry on the need for an operational model that can help build scalable businesses. It has consistently supported our efforts to standardize data messaging by aligning enhancements to MAS with our releases.”
From left to right: Len Reinhart, chairman emeritus of the MMI Board of Governors and chairman of the MMI Industry Leadership Recognition Dinner Committee; Ann Bergin, managing director and general manager, DTCC Wealth Management Services; Jeffrey P. Cusack, president, Forward Management, LLC.
Through a single, centralized platform, MAS streamlines communications related to managed accounts products. It allows sponsors, investment managers and service providers to reduce operational costs and risk; invest their customers’ funds quickly; decrease manual processing and leverage the technology of DTCC’s secure and resilient infrastructure. The service is provided by DTCC Solutions LLC.
In presenting the awards to Ann Bergin, managing director and general manager, DTCC Wealth Management Services, Len Reinhart, chairman emeritus of the MMI Board of Governors, said: “With its open architecture and industry standardized messages, the MAS hub helps users overcome operational obstacles and manual processes that have challenged the managed accounts industry for years. It brings a new level of operational scalability that allows multiple investment manager and sponsor clients to focus on their core services.” Reinhart also chaired the MMI Industry Leadership Recognition Dinner Committee.
“I’m honored to accept these awards on behalf of DTCC. We couldn’t have done so without the dedication and determination of David Gardner and Brett Ginter, our partners at SMART Consulting,” Bergin said upon being presented with the awards.