Asset and Wealth Management BPO

Cognizant’s Asset and Wealth Management PracticeCognizant has over 4000 professionals servicing IT and BPO operations across the asset and wealth management landscape. Cognizant’s AWM practice is built on the foundation of Cognizant’s in-depth process, industry and technology knowledge which it has utilized to help enterprises transform their investment management processes and lower the cost of fund administration.

Cognizant’s Asset and Wealth Management BPO CapabilitiesWith over 1000 FTEs across 6 customers and $900 billion in Assets under Management (AuM), Cognizant has built deep and proven domain intensive Asset and Wealth Management BPO Capabilities and best practices for the banking and financial services industry. The AWM BPO practice services Investment Managers/Wealth

Managers, Investment Banks, Private Banks, and Pension Trusts across traditional and alternative investment classes for direct funds as well as fund of funds.

Cognizant Asset and Wealth Management BPO Highlights

End to end service offerings across fund accounting and administration; Strong capability across transactional and high end strategic processesServicing some of the largest alternative asset managers in the world; Large Presence in Wealth Management operations for leading investment bankExtensive experience with third party COTS products such as Investran, FundCentral, EquityWorks, HedgeSphere, Sophis and Wall Street Office among othersSupporting leading fund managers across the Americas, Europe and Asia-Pacific

A representative list of Asset and Wealth Management engagements delivered by Cognizant is depicted below:

Client Functional Area Key ProcessesLeading Asset Manager (AUM of $180 billion)

Fund AccountingReconciliationFinancial ModellingValuations

Accounting and Reconciliations Investor on-boarding / life cycle data managementPerformance & Valuation modeling Cash and Treasury Management, Tax and Systems support

Wealth management arm of leading investment bank (Global Top 5 Investment Bank)

Securities OperationsValuationsData Management

Static Data Maintenance and Pricing SupportMargin & Asset ControlCorporate Actions, Clearing and Settlement

Large European bank Risk ManagementCorporate ActionsPricing / NAV

Risk assessment, performance measurement and attributionRecord Keeping and NAV validation, Data ManagementCorporate Action elections, follow-up and query handling

World Headquarters

500 Frank W. Burr Blvd.Teaneck, NJ 07666 USAPhone: +1 201 801 0233Fax: +1 201 801 0243Toll Free: +1 888 937 3277Email: inquiry@cognizant.com

European Headquarters

1 Kingdom StreetPaddington CentralLondon W2 6BDPhone: +44 (0) 20 7297 7600Fax: +44 (0) 20 7121 0102Email: infouk@cognizant.com

India Operations Headquarters

#5/535, Old Mahabalipuram RoadOkkiyam Pettai, ThoraipakkamChennai, 600 096 IndiaPhone: +91 (0) 44 4209 6000Fax: +91 (0) 44 4209 6060Email: inquiryindia@cognizant.com

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Client Functional Area Key ProcessesMajor Private Equity Affiliate

Financial Accounting Reconciliations Compliance Investment Research

Cash accounting, Trade & GL posting, Reconciliations Compliance testing and reporting Generation of quarterly portfolio review reports Financial projections & company analysis

Large Hedge Fund Company

Multi-Class Funds Data Management

Fund Data Migration to a third party platformInvestor set-up & cash transactions, Reconciliations

Leading Trust Services Provider

Trust Back-office New Account Setup, Transfers/ Distributions, Trading Pricing & General Maintenance, Reconciliations, Cash Management

Cognizant Wealth Management BPO Highlights

Scale of OperationsOver 350+ SMEs servicing across complexity spectrum of WM operations

ResearchSupporting over 20% of Wealth Management research capacity for a leading global wealth manager

Range of ClienteleBank branches, Financial Advisors, HNIs & UHNM, Home Office, Service Groups, Trading Desk, Contra Brokers

Branch SupportOver 340 branches serviced with timely and accurate handling of asset movement requests raised by branch offices

Products SupportEquities, Bonds, Closed ended Mutual funds, UIT’s, Structured Products, Rights & Warrants. Collateralized Debts, Options, Commodities

Global MarketsSupporting instrument and product reference data set up across global markets across Americas & Europe

End to end Processing

Corporate Actions for Income/Dividend and Reorganization; US domestic pre-settlement activity for Fixed Income & Equity products

Change the Bank FocusCognizant leverages its vast process consulting expertise, rich domain knowledge and strong understanding of BPO and IT to deliver business impact by identifying opportunities to create value and transform business processes.

Service Area Key Solution Interventions Value and Business Impact CreatedAccounting & Valuation

Workflow for 3000+ underlying FoFs Automation of work papers

Overall 60% reduction in annual cost Overall Quarterly Work paper TAT reduced by 15%

Reconciliation Process automation Workflow deployment across processes

Streamlined reconciliations and completed inter-system reconciliation for 30,000 pending records

Data Management

BPM platform in investor operations POC approach; Thorough documentation

TAT reduction and Error minimization 45,000+ multi currency/ class/ series fund migrations

Cash Management

Direct interaction with client investors with regard to LP letters and follow up

Eliminate clerical errors through auto sweep interest upload

Research & Support

Customized Research for Key Stakeholders In depth data analytics

High-end analysis of survey data at competitive costs leading to better ROI from market surveys

Reporting Automation by leveraging macros Efficiency improvement and cost savings up to 40 % Legal Risk and Compliance

Introduced digital signature Redesigned workflow for AML Compliance Approach to set limits in absence of NAVs

50% reduction in processing and QC time Productivity improvement by 35%in AML Reduction in reputation risk

Passion to build stronger businessesTrue to our passion to build stronger businesses for our customers, Cognizant addresses the concerns of the AWM Industry by guaranteeing the below benefits to Asset and Wealth Managers that leverage its suite of BPO services:

Coping with shrinking margins - Cost Optimization, processes efficiencies and scalability across value chain Reducing risk and cost of ownership - Robust risk management coupled with governance rigor; Technology interventions for

process automation and processing capacity improvement Complying with changing Regulatory requirements - Enhanced compliance through workflow enablement, Global delivery for

flexibility and scalability while appreciating jurisdictional limitations Business Transformation - IT- BPO Synergies and process improvement methodologies like Six Sigma (DMAIC and DMADV),

Lean, Kaizen and TQM to increase process efficiency and enhance productivity