LONDON: Comada has been nominated for Technology Innovation of the Year in the European Custody Risk Awards 2012. The nomination is a joint one alongside fund administrator Custom House, for the CHARIOT 2 project, which went live in March 2012. Chariot allows investors to deal online in funds administered by Custom House.
The awards, hosted by Custody Risk magazine in London this month, recognise excellence in the provision of custody, fund administration and associated services in the European asset management and securities industries.
“Chariot Phase 2 was a ground breaking project for the European hedge funds industry, and it is great to see this being independently recognised,” said Rupert Vaughan Williams, co-founder of Comada. “Significantly, its implementation allows seamless dealing in equalised funds administered by Custom House, bringing with it greater transparency for hedge fund investors.”
Said Mark Hedderman, CEO of Custom House: “Here at Custom House we are committed to a culture of innovation for our hedge fund clients. We chose to work with Comada because of the group’s ability to deliver solid, institutional grade technology which would meet our own high standards of security and investor confidence.”
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Comada was founded in 2004 to provide the alternative funds industry with technology solutions that would revolutionise operational processes and the way the industry communicates. Our vision has always been to deliver system solutions that make a real difference to our clients, which facilitate the way they do business, and help them to radically reduce operational risks. At the core of this delivery is our M.A.T.ware transaction-driven technology.