Transforming Fund Operations

FAC saves each Fund Manager £30m per annum

FundAdminChain (FAC) are challenging the way the funds industry operates by collapsing the supporting processes to significantly reduce costs, risks and processing times for fund transactions. FAC provides the infrastructure for the complete lifecycle of funds to be represented, traded and reported-on as digital assets, enabling those on the FAC network to share the same information on ownership and transactions.

The result is a leaner and more cost-effective future state fund management model. FAC invites you to play a lead role in the funds industry of the future.

GET INVOLVED NOW

Transforming Fund Operations

FAC saves each Fund Manager £30m per annum

FundAdminChain (FAC) are challenging the way the funds industry operates by collapsing the supporting processes to significantly reduce costs, risks and processing times for fund transactions. FAC provides the infrastructure for the complete lifecycle of funds to be represented, traded and reported-on as digital assets, enabling those on the FAC network to share the same information on ownership and transactions.

The result is a leaner and more cost-effective future state fund management model. FAC invites you to play a lead role in the funds industry of the future.

Product Overview

FAC removes 70% of the costs embedded in the current value chain within 2 years

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. A new paradigm, uniting Distributors, Fund Managers, Administrators, End Investors and Regulators on a single, modern, secure platform, built on the highly scalable and secure Corda DLT technology.

FAC breaks down the legacy boundaries between distribution, transfer agency, matching, settlement, custodial & asset servicing, regulatory and transaction reporting to create efficiencies across the funds value chain. Our solution helps to future-proof your funds business, reducing your own costs whilst improving customers’ experience and returns.

Product Overview

FAC removes 70% of the costs embedded in the current value chain within 2 years

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. A new paradigm, uniting Distributors, Fund Managers, Administrators, End Investors and Regulators on a single, modern, secure platform, built on the highly scalable and secure Corda DLT technology.

FAC breaks down the legacy boundaries between distribution, transfer agency, matching, settlement, custodial & asset servicing, regulatory and transaction reporting to create efficiencies across the funds value chain. Our solution helps to future-proof your funds business, reducing your own costs whilst improving customers’ experience and returns.

Current & future state fund operations with FAC

CURRENT

FUTURE

Current & future state fund operations with FAC

Product Benefits

Achieving better fund performance for clients

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. Our solution is not a small-step cost saving but instead a transformation that will stand the test of time.

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

Clients

  • Lower cost of investment, and improved fund performance
  • Improve fee transparency
  • Enhance the user experience
  • Additional source of revenue

Intermediaries

  • 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

Achieving better fund performance for clients

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. Our solution is not a small-step cost saving but instead a transformation that will stand the test of time.

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

Clients

  • Lower cost of investment, and improved fund performance
  • Improve fee transparency
  • Enhance the user experience
  • Additional source of revenue

Intermediaries

  • 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)

Ian Hunt

Product Design

  • 30+ years buy-side/fund admin, last 2 in DLT.
  • Senior advisory roles: HSBC, M&G, Insight, RLAM, RBS.

Emmanuel Rodriguez

Business Development

  • 20+ years experience in Capital Markets across all asset classes.
  • Contributed to launch of two regulated blockchain powered financial market infrastructures: NowCP-Id2S and IZNES.

Jonathan Canag

Project Manager

  • 10+ years experience across custody, back and middle office services.
  • APAC and EMEA asset management product experience.

Anton Sitnikov

Chief Software Architect

  • Chief Software Architect.
  • 15+ years solution architect.
  • Corda expert and manager of team of 5 FAC Corda certified developers.

David Rutter

Advisor

  • CEO of R3
  • 30+ years wall streets top institutions.
  • 10+ as CEO of Electronic Broking at ICAP and previous as co-owner of Prebon Yamane.

Mark Harrison

Advisor

  • 30+ years funds, last 2 in blockchain / start-up growth.
  • Senior strategy roles at BNP Paribas, Hermes, AMP AM.

Pete Townsend

Advisor

  • 25+ years funds, last 3 in blockchain / start-up growth.
  • Ex head of product and solutions BNP Paribas SS.

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)

Ian Hunt

Product Design

  • 30+ years buy-side/fund admin, last 2 in DLT.
  • Senior advisory roles: HSBC, M&G, Insight, RLAM, RBS.

Emmanuel Rodriguez

Business Development

  • 20+ years experience in Capital Markets across all asset classes.
  • Contributed to launch of two regulated blockchain powered financial market infrastructures: NowCP-Id2S and IZNES.

Jonathan Canag

Project Manager

  • 10+ years experience across custody, back and middle office services.
  • APAC and EMEA asset management product experience.

Anton Sitnikov

Chief Software Architect

  • Chief Software Architect.
  • 15+ years solution architect.
  • Corda expert and manager of team of 5 FAC Corda certified developers.

David Rutter

Advisor

  • CEO of R3
  • 30+ years wall streets top institutions.
  • 10+ as CEO of Electronic Broking at ICAP and previous as co-owner of Prebon Yamane.

Mark Harrison

Advisor

  • 30+ years funds, last 2 in blockchain / start-up growth.
  • Senior strategy roles at BNP Paribas, Hermes, AMP AM.

Pete Townsend

Advisor

  • 25+ years funds, last 3 in blockchain / start-up growth.
  • Ex head of product and solutions BNP Paribas SS.
Get Involved

Stay tuned to FundAdminChain

1

Monthly progress call

We hold an industry update call with over 20 Fund Managers and key fund market participants.
2

Focus group

An industry led FAC focus group is shaping the future state operating model for FAC. It is not only key that the business case holds but that we are clear on the share of the upside and that the Fund Managers themselves shape the future state commercial construct and operating model.
3

Partner with us

We want to partner with selected intermediaries to provide a global solution that can be adapted to local constraints & distribution channels. Contact us to find out more on our plans to partner and scale.
4

Simulation

We are running an FAC cross jurisdiction simulation in September. Over 20 Fund Managers, Distributors, Transfer Agencies and other key buy-side participants have already registered. Spaces are limited.
Get Involved

Stay tuned to FundAdminChain

1: Monthly progress call

We hold an industry update call with over 20 Fund Managers and key fund market participants.

2: Focus group

An industry led FAC focus group is shaping the future state operating model for FAC. It is not only key that the business case holds but that we are clear on the share of the upside and that the Fund Managers themselves shape the future state commercial construct and operating model.

3: Partner with us

We want to partner with selected intermediaries to provide a global solution that can be adapted to local constraints & distribution channels. Contact us to find out more on our plans to partner and scale.

4: Simulation

We are running an FAC cross jurisdiction simulation in September. Over 20 Fund Managers, Distributors, Transfer Agencies and other key buy-side participants have already registered. Spaces are limited.

Contact Us

FundAdminChain
2 London Wall Place, London, EC2Y 5AU

Contact Us

FundAdminChain
2 London Wall Place, London, EC2Y 5AU