Coronation Fund Managers Goes Live with SmartStream’s Corporate Actions Solution

LONDON-Thursday 25 October 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced that Coronation Fund Managers, one of the largest independent fund managers in South Africa, has gone live with TLM Corporate Actions OnDemand – automating the complete corporate actions lifecycle.

Llewellyn Smith, COO at Coronation states: “We continue to make investments in our business, specifically in technology that enhances our clients’ service experience, and which allows us to achieve greater operational efficiencies. Through SmartStream’s tailored solution, we achieve automation of our corporate actions operational processes. Given that this project ran in parallel with a number of strategic initiatives, its successful implementation was essential. We value SmartStream’s corporate actions expertise which guided us through the procedure in less than four months”.

Coronation is using the TLM® Corporate Actions OnDemand solution to process mandatory and voluntary events, including proxy voting for their domestic and international markets.

Adam Cottingham, Product Manager, states: “Working in partnership with Coronation has made this project a success. The team adopted our Model Client Configuration to accelerate delivery and achieve a rapid return on investment for the business. It’s great that Coronation has become the first TLM Corporate Actions client in South Africa”.

Ends

About SmartStream Technologies

SmartStream Technologies is a recognised leader in financial transaction management software that enables firms to overcome critical transaction processing issues through increased automation.

SmartStream’s industry-leading automated match rates create more proactive, exceptions-based processes that lower the cost per transaction while enabling firms to reduce operational risk, strengthen compliance and controls, and improve customer service.

As a result, more than 1,500 clients, including 75 of the world’s top 100 banks, 8 of the top 10 asset managers, and 8 of the top 10 custodians rely on SmartStream Transaction Lifecycle Management (TLM®) solutions to deliver greater efficiency to their trading operations.

For more information about SmartStream visit: www.smartstream-stp.com

About Coronation

Coronation was founded in Cape Town, South Africa in 1993 by a group of investment professionals who left an established institution to start a dedicated fund management business. With zero assets and zero clients, their objective was to build a world-class, investment-led and independent fund manager. Today, Coronation is 25 percent employee-owned and a leading brand in the South African investment industry. Coronation is solely focused on asset management and has a track record of delivering superior long-term returns to clients over the past two decades. An active investment manager with a long-term, valuation-driven investment approach, Coronation currently manages R602 billion in client assets (as at end-June 2018).

For more information about SmartStream visit: www.coronation.com

Contacts

SmartStream Technologies, Inc.

New York (Money 20/20):

Mark Roth

Chief Marketing Officer

Tel: +1(212) 763-6509

Email: mark.roth@smartstream-stp.com

or

Sydney (SIBOS 2018):

Nathan Gee

Senior Marketing Manager

Tel: +44 (0) 20-7898-0630

Email: nathan.gee@smartstream-stp.com

or

Dina Communications

London

Shamira Alidina

Media Relations Director

Tel +44 (0) 7801-590718

Email: shamira@dinacomms.com

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