Watiga X FIS
Watiga expands relationship with FIS by integrating multiple FIS private equity solutions to scale its administration business
Watiga, a Singapore-based provider of trust, fund, loan and corporate administration services, expands its relationship with FIS®, a global leader in financial services technology, to support the growth of its fiduciary and administration business by integrating FIS Investment Accounting Manager for its client accounting engine (formerly InvestOne).
Since 2020, Watiga has used FIS Private Capital Suite (formerly Investran) to deliver fund and trust administration for investment vehicles, including investor reporting, capital calls and allocation management for its clients throughout Southeast Asia. With the growth of its administration business over the past few years, including new family office structures, Watiga has chosen to expand its service offering for portfolio accounting, particularly with respect to liquid portfolio assets.
To support this expansion, Watiga has selected FIS Investment Accounting Manager to serve as its investment accounting engine. Harnessing the power of the cloud, it automates and streamlines the processing of the most complex multi-asset investment portfolios and strategies, supports a real-time view of current traded positions through our integrated investment book of record (IBOR), and leverages FIS’ pioneering multiple books of record (MBOR) functionality for a multi-dimensional view of any portfolio.
“FIS Private Capital Suite has suited us well for alternative asset fund and trust administration work. But with portfolio diversification and increasing number of family office structures needing both liquid and illiquid portfolio administration, we decided to double-down on our relationship with FIS and implement FIS Investment Accounting Manager.” Matt Richards, CEO and Founder, Watiga
“We are excited to expand our relationship with Watiga and are confident that the combination of our FIS Private Capital Suite and FIS Investment Accounting Manager technology and service solutions will deliver the scalability Watiga requires to continue the growth of its multi-asset fund administration operation,” said Francois Denimal, Managing Director, APAC, Capital Markets at FIS.
Watiga Asia is part of the Watiga group of companies, an independent professional services group of companies located in Singapore, providing a range of services focused on private equity, venture capital, mezzanine, and other alternative and cross-border investments throughout Southeast Asia.
Other Watiga group companies include: (i) Watiga Trust, a licensed trust company and approved collective investment scheme (CIS) trustee providing trust and fiduciary services and regulated by the Monetary Authority of Singapore, and (ii) Watiga Legal, a Singapore law firm licensed by the Legal Services Regulatory Authority in Singapore providing legal advisory services relating to investment structures, corporate finance transactions and private client and family office matters, under Singapore, English and New York law.