Treasury Operating Model & Platforms
Treasury platforms delivered front to back.
Treasury & Finance
Fund Accounting, Custody & Investment Operations
One book of record, reconciled daily to the custodian and the desk.
Overview
Fund accounting and investment operations problems often concentrate at the joins: investment platform, custodian, administrator, registry, bank accounts and book of record.
When feeds fail, prices arrive late or books of record diverge, teams compensate with manual reconciliation. NAV is delayed, audit evidence is harder to assemble and the front office loses trust in the numbers.
Capmark helps asset owners, insurers, superannuation funds and asset managers rebuild the chain from investment platform through custody, administration, reconciliation and book of record.
What we do
We strengthen daily and periodic NAV production across pricing, accruals, fees, expenses and controls. The NAV process is designed to strike on time with checks that catch errors before publication.
We align the accounting book of record with the investment book of record, and define how the two stay reconciled. Positions, valuations and cash then agree across accounting, investment and operations teams.
We connect custodians, registries and administrators to the books of record through controlled feeds, instructions, statements and reconciliations. Where administration is outsourced, we strengthen oversight and service governance.
We build daily reconciliation across cash, positions, NAV, custody and bank records. Breaks have clear ownership, ageing, escalation and evidence.
We design period-end packs and audit evidence into the operating process. Audit starts from evidence that already exists, rather than a manual exercise after the event.
What to expect
A Senior Practitioner leads from day one. The first weeks trace where positions, cash and prices originate, where they break and which reconciliations exist at each join.
We then sequence the integration: custodian and administrator feeds, book-of-record alignment, reconciliation governance and cutover.
Engagements range from a short diagnostic of the NAV chain to full integration, reconciliation and operating-model delivery.
Engagements run from a short diagnostic of the NAV chain to full integration ownership.
01
Assess
Establish the current state, the constraints, the risks and the value at stake.
02
Define
Shape the target model and the business case with the executives who own the outcome.
03
Mobilise
Stand up the team, the plan and the governance around the outcome.
04
Implement
Design, build and test the change, with the business alongside.
05
Sustain
Cutover, hypercare and handover, so the business runs it under its own control.
The same five stages on every engagement, led by senior practitioners end to end. How we work
Client result
Proven in the work, not the pitch.
Superannuation & Pensions
Calypso platform delivery for a major superannuation fund
A Major Australian Superannuation Fund · Liquidity & Treasury Management
We helped implement Calypso for liquidity and treasury operations across the UK and Australia, including trading workflows, venue integration, middle-office design and regulatory reporting. The programme also internalised externally managed portfolios, transitioning mandates and books onto the in-house investment platform and operating model.
- A$10bn
- Portfolios internalised
- $20m
- Programme budget led
- 2 jurisdictions
- Delivered live across the UK and Australia
- Calypso
- Front-to-back treasury platform delivered
Read the case study
Insights
Related thinking.
Get in touch
Talk to a Partner about Fund Accounting, Custody & Investment Operations.
Tell us what needs to change and where the pressure or risk is showing.