Tech provider GlobeOp ranked in FinTech 100 and RiskTech 100

West Palm Beach (HedgeCo.net) – Hedge fund technology and administration provider GlobeOp Financial Services has been ranked in both the FinTech 100 and the RiskTech 100.

"Technology is central to GlobeOp’s hedge fund services and this dual recognition is timely as current market uncertainty underlines the value of a robust, risk-driven technology infrastructure to fund managers and their investors," said Bob Schwartz, GlobeOp chief technology officer. "Our platform represents more than 500 man-years of development. Just as client services benefit from the Wall Street experience of GlobeOp’s senior management, we also apply front office technology techniques to operations processing to achieve risk reduction benefits for our clients."

Addressing current market challenges for hedge funds, Vernon Barback, GlobeOp chief operating officer added, "New market fundamentals – such as risk diversification and cost-efficiency – are accelerating the outsourcing trend as a means of mitigating operational risk. The FinTech 100 and RiskTech 100 rankings are useful benchmarks as funds seek independent, un-conflicted service providers, which can combine technology management and innovation, deep domain knowledge in operations and risk measurement, scalable infrastructure and a healthy balance sheet."

The FinTech 100, published by American Banker and research firm Financial Insights, ranked GlobeOp in 51st position after analyzing more than 400 companies who derive more than a third of revenues from financial services.

The RiskTech 100, published by Chartis Research, recognizes leading global technology firms active in risk management services. Ranking 52nd, GlobeOp earned one of the highest scores for innovation in the RiskTech 100, and strong scores for core technology, customer satisfaction and organizational strength.  The 2008 report identified 100 leading companies from 3,200 initial candidates, more than 800 risk technology buyer surveys, and interviews with vendors and buyers across 15 countries.

GlobeOp today serves over 180 clients worldwide, representing $108 billion in assets under administration (AuA). With headquarters in London and New York, GlobeOp employs 1,800 people on three continents, offices are also located in Dublin, Ireland, George Town, Cayman Islands, Harrison, NY, Hartford, CT, and Mumbai (Bombay), India.

Alex Akesson

Editor for HedgeCo.Net
Email: alex@hedgeco.net

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