Telstra Super automates compliance and streamlines trade orders

Improves management of $11.5 billion in assets

Australia's largest corporate superannuation fund, Telstra Super Pty Ltd, has gone live with an investment management system to automate compliance monitoring of its inhouse equities, options and futures operations.

With over 90,000 members and A$11.5 billion in assets, Telstra Super is seeking to improve management of its inhouse portfolios to accommodate greater volumes and more asset classes in the future.

The Charles River Investment Management System (IMS) is an integrated platform that provides users with portfolio management tools, streamlined trade order management and real-time pre-trade compliance testing and monitoring.

The software provider also created interfaces with third-party providers including automated trade notifications between brokers and custodians.

Telstra Super Chief Informtion Officer, Steve Merlicek, said the system allows the company to focus on what it does best.

He said the vendor delivered on-time and on-budget, delivering as-promised.

"We required flexibility to respond quickly to market changes and attract increased assets and deliver greater alpha to end users," Merlicek said.

"This technology has helped us to grow our in-house investment capabilities while reducing our risks and operating costs."

Charles River Development Asia Pacific managing director, Cameron Field, said more and more super funds are taking control of their investments.

"While enhanced competitiveness and better returns are obvious benefits, the transition still must be carefully orchestrated," he said.

"Our technology helps manage the increased responsibilities of in-house management by streamlining operations, providing a holistic view across portfolios and ensuring enterprise-wide compliance with regulatory and client mandates."

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