Cheviot Asset Management, one of the UK’s largest independent investment organisations, has chosen Blue Chip to provide dedicated support for FIGARO, their STP (straight through processing) solution from JHC.
Cheviot, a JHC FIGARO customer, was looking to move away from their incumbent support provider to one that could offer additional value. Cheviot held discussions with a number of Data Centre Providers before finally selecting Blue Chip to deliver a hosted environment for FIGARO that required no capital expenditure through its private cloud IaaS solution.
Cheviot’s requirements included IaaS on iSeries®, High Availability (HA) delivered through a secondary off site secure location and Intel infrastructure for their Web Servers. In addition to this Cheviot also needed detailed daily reporting. Blue Chip’s Tier 4 Design Data Centre in Bedford was already delivering similar solutions for other customers which made the transition from the incumbent to Blue Chip a quick and efficient process.
Cheviot is one of the fastest-growing wealth management firms in the industry. It was founded, in 2006 and initially recruited 92 investment professionals from UBS. Since then it has continued to expand – increasing AuM to more than £4 billion in just six years – and opened its second office in Liverpool in May last year. Its award-winning investment processes combine strong central discipline combined with flexible asset allocation and stock selection to suit an individual client’s needs.
JHC offers Comprehensive and Integrated IT solutions and services to the investment management and stockbroking community. FIGARO is a fully integrated STP solution and is unrivalled in its depth and richness of functionality and process automation. Leading stock broking and wealth management firms deploy FIGARO as their core integrated front to back solution for equity and funds trading JHC have over 25 years experience successfully addressing business critical technology challenges, improving the efficiency and competitiveness of their operations whilst at the same time providing a world-class platform on which to run their business. FIGARO is a market leader with over 15% of the Top 40 firms in the country as users.