A network for launching, distributing and servicing Digital Funds
FAC connects fund market participants on a distributed ledger-based network that holds a digital representation of assets, cash and transactions.
Investors, distributors, fund managers, regulators and service providers participate on FAC allowing them to share the same information on ownership and transactions reducing the layers of intermediation between the investor and the product.
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FAC: Digital Funds Network
A network for launching, distributing and servicing Digital Funds
FAC connects fund market participants on a distributed ledger-based network that holds a digital representation of assets, cash and transactions.
Investors, distributors, fund managers, regulators and service providers participate on FAC allowing them to share the same information on ownership and transactions reducing the layers of intermediation between the investor and the product.
Product Overview
The fund investment process is ready for change to vastly improve fund performance, and FAC delivers on this.
In an industry served by a complex infrastructure of service providers, technologies, fund-specific processes and market structures, FAC brings simplicity, transparency and cost-savings.
Our solution helps to future-proof your funds business, reducing your own costs whilst improving customers’ experience and returns.
Product Overview
The fund investment process is ready for change to vastly improve fund performance, and FAC delivers on this.
In an industry served by a complex infrastructure of service providers, technologies, fund-specific processes and market structures, FAC brings simplicity, transparency and cost-savings.
Our solution helps to future-proof your funds business, reducing your own costs whilst improving customers’ experience and returns.
Product Benefits
Leading the digital transformation of the funds industry
FAC brings market-traded and principal-traded funds into the digital age, aligning with best practices in tokenisation of all asset classes, with a view to future interoperability and ultimately offering the opportunity of atomic settlement of fund transactions.
Fund Managers
- Remove friction, risk and costs from the fund investment supply chain, optimising fund performance
- Significant opportunity to improve liquidity management
- Reduce reputational risk
Investors
- Lower cost of investment, and improved fund performance
- Improve fee transparency
- Enhance the user experience
- Additional source of revenue
Fund Service Providers
- Enhance the client experience with faster delivery and payment
- Reduce operational costs
- Focus on client acquisition
- Develop value-added services
Banks
- Fulfil a new role as intermediary exchanges
- Opportunity to acquire new clients
- Generate significant new revenue streams by pooling client cash and assets
Compliance & Regulation
- Privacy with transparency
- Reduced errors and risk
- Complete, accurate and timely data exchange and reporting
Product Benefits
Leading the digital transformation of the funds industry
FAC brings market-traded and principal-traded funds into the digital age, aligning with best practices in tokenisation of all asset classes, with a view to future interoperability and ultimately offering the opportunity of atomic settlement of fund transactions.
Fund Managers
- Remove friction, risk and costs from the fund investment supply chain, optimising fund performance
- Significant opportunity to improve liquidity management
- Reduce reputational risk
Investors
- Lower cost of investment, and improved fund performance
- Improve fee transparency
- Enhance the user experience
- Additional source of revenue
Fund Service Providers
- Enhance the client experience with faster delivery and payment
- Reduce operational costs
- Focus on client acquisition
- Develop value-added services
Banks
- Fulfil a new role as intermediary exchanges
- Opportunity to acquire new clients
- Generate significant new revenue streams by pooling client cash and assets
Compliance & Regulation
- Privacy with transparency
- Reduced errors and risk
- Complete, accurate and timely data exchange and reporting
About Us
The future of fund management
FundAdminChain is a disruptor in the fund investment technology sector, founded by buy-side and DLT industry experts and in close collaboration with distributed ledger technology giant R3. Driven to enable Fund Managers to take control of the cost of investment and thus improve end investors’ returns on their hard-earned investments.
FAC offers forward thinking buy-side participants the opportunity to collectively shape the future of the funds industry, through a transparent, open partnership, with costs and operating principles governed by the participants of the FAC network.
$166bn
Estimated Annual Fund Servicing
FAC will target inefficiencies in fund servicing costs to deliver considerable savings
68bp
Average fund manager charges dropping to 53bp by 2025
Source: PWC 10/2018
$42bn
Estimated Annual TA costs
Cost centres within which FAC targets savings
About Us
The future of fund management
FundAdminChain is a disruptor in the fund investment technology sector, founded by buy-side and DLT industry experts and in close collaboration with distributed ledger technology giant R3. Driven to enable Fund Managers to take control of the cost of investment and thus improve end investors’ returns on their hard-earned investments.
FAC offers forward thinking buy-side participants the opportunity to collectively shape the future of the funds industry, through a transparent, open partnership, with costs and operating principles governed by the participants of the FAC network.
$166bn
Estimated Annual Fund Servicing
FAC will target inefficiencies in fund servicing costs to deliver considerable savings
$42bn
Estimated Annual TA costs
Cost centres within which FAC targets savings
68bp
Average fund manager charges dropping to 53bp by 2025
Source: PWC 10/2018
Meet the team
Brian McNulty
CEO
- 20+ years buy-side/fund admin, last 3 specialising in blockchain as Global Head of Services at R3.
- Serial entrepreneurial success (start-up to exit)
Stephen Caplen
CFO
- A Chartered Accountant with 25+ years in Financial Services including 16 years in CFO roles.
- Consultant CFO to multiple startup fintech businesses.
Ian Hunt
Product Design
- 30+ years buy-side/fund admin, last 3 in DLT.
- Senior advisory roles: HSBC, M&G, Insight, RLAM, RBS.
Chris Baldwin
Technology Manager
- Leads the FAC product delivery and technology team.
- 20+ years delivering technology solutions for buy-side business operations.
John Beeston
Executive Program Director
- 30+ years experience in financial services with a broad knowledge of the Wealth and Asset Management.
- Held senior roles at TD Waterhouse, Brewin Dolphin, Fidelity International and Schroders.
Gavin Ritchie
Business Analyst
- 20+ years delivering change projects for buy-side.
- Broad industry experience with previous roles at Barclays, Blackrock, Northern Trust, IFDS, L&G, BNY Mellon and Fidelity.
Anton Sitnikov
Solution Architect
- Lead architect and technology advisor to FAC.
- 15+ years as a solution architect.
- A Corda development expert.
Mark Harrison
Advisor
- 30+ years funds, last 3 in blockchain / start-up growth.
- Senior strategy roles at BNP Paribas, Hermes, AMP AM.
Pete Townsend
Advisor
- 25+ years funds, last 4 in blockchain / start-up growth.
- Former head of product and solutions BNP Paribas SS.
Philea Chim
Advisor
Senior Vice President at QBN Capital.
- Board advisor for multiple technology companies in cybersecurity, blockchain and cryptography fields.
Reyer Kooy
Advisor
- 20+ years investment management experience.
- Senior roles at JPM, Credit Suisse and DWS.
- Director and former Chair of IMMFA.
Melissa Miller
Advisor
- 25+ years in Asset Management with 15+ years as a Consultant.
- Specialist in product development, new business and change initiatives.
David Rutter
Advisor
- CEO of R3.
- 30+ years Wall Streeet top institutions.
- 10+ as CEO of Electronic Broking at ICAP and previous as co-owner of Prebon Yamane.
Frank Tong
Board Member
- Managing Partner of QBN Capital.
- Former Global Head of Innovation and Strategic Investment in HSBC.
Ming Shu
Board Member
- A partner at Lingfeng Capital with over 17 years of global investment experience.
- Previously held senior positions at SF Express, Alibaba and Ant Financial.
Iain Willis
Board Member
- 25+ years senior roles in finance industry including two successful startups.
- Founder and Director at Quai Administration Services.
Meet the team
Brian McNulty
CEO
- 20+ years buy-side/fund admin, last 3 specialising in blockchain as Global Head of Services at R3.
- Serial entrepreneurial success (start-up to exit)
Stephen Caplen
CFO
- A Chartered Accountant with 25+ years in Financial Services including 16 years in CFO roles.
- Consultant CFO to multiple startup fintech businesses.
Ian Hunt
Product Design
- 30+ years buy-side/fund admin, last 3 in DLT.
- Senior advisory roles: HSBC, M&G, Insight, RLAM, RBS.
Chris Baldwin
Technology Manager
- Leads the FAC product delivery and technology team.
- 20+ years delivering technology solutions for buy-side business operations.
John Beeston
Executive Program Director
- 30+ years experience in financial services with a broad knowledge of the Wealth and Asset Management.
- Held senior roles at TD Waterhouse, Brewin Dolphin, Fidelity International and Schroders.
Gavin Ritchie
Business Analyst
- 20+ years delivering change projects for buy-side.
- Broad industry experience with previous roles at Barclays, Blackrock, Northern Trust, IFDS, L&G, BNY Mellon and Fidelity.
Also part of our team:
Anton Sitnikov – Solution Architect. A highly experienced architect and Corda expert.
Mark Harrison – Advisor. 30+ years in the global funds industry with senior strategy roles at BNP Paribas, Hermes, AMP AM.
Pete Townsend – Advisor. 25+ years in the funds industry, former head of product and solutions as BNP Paribas SS.
Philea Chim – Advisor. A Senior Vice President at QBN Captial and board level advisor for multiple technology companies in cybersecurity, blockchain and cryptography fields.
Reyer Kooy – Advisor. 20+ years investment management experience with senior roles at JPM, Credit Suisse and DWS. Director and former Chair of IMMFA.
Melissa Miller – Advisor. 25+ years in Asset Management with 15+ years as a Consultant. Specialist in product development, new business and change initiatives.
David Rutter – Advisor. CEO of R3. 30+ years Wall Streeet top institutions. 10+ as CEO of Electronic Broking at ICAP and previous as co-owner of Prebon Yamane.
Frank Tong – Board member. Managing Partner of QBN Capital. Former Global Head of Innovation and Strategic Investment in HSBC.
Ming Shu – Board member. A partner at Lingfeng Capital with over 17 years of global investment experience. Previously held senior positions at SF Express, Alibaba and Ant Financial.
Iain Willis – Board member. 25+ years senior roles in finance industry including two successful startups. Founder and Director at Quai Administration Services.
