Singularity customers wins STP Benchmark

Invesco and Britannic Investments have between them taken all the top honours in the industry's most respected awards for excellence by investment managers in Straight Through Processing (STP).

21 June 2004

At the prestigious 2004 STP Benchmarks® Awards dinner, investment managers were up for 5 awards for Straight-Through Processing effectiveness. Of these, 3 went to Invesco, and the other 2 were awarded to Britannic Investments, both organisations using systems built and maintained by Singularity and Ascential Software.

Invesco won:
• Best STP performance by a fund manager processing domestic equities;
• Best STP performance by a fund manager processing fixed income, and
• Best STP performance by a fund manager processing cross-border equities.

Britannic Investments won:
• Most improved STP performance by a fund manager processing equities, and
• Most improved STP performance by a fund manager processing fixed income.

Andrew Muir, Head of Singularity's Financial Solutions practice, said, "We are delighted at the success which our clients have achieved. Awards for investment managers are typically concentrated on those responsible for investment return, and the growing prestige of the STP Benchmarks® awards means that operations teams can achieve recognition as well. We are proud of our own contribution to STP across the industry, and we look forward to maintaining our track record of innovative cost-effective process automation, with all our clients, as new opportunities arise."

Paul Rose, Operations Manager at Invesco, adds, "We set out to achieve a high level of automation of all post-trade investment processes, so that we could handle growing transaction volumes, provide flexibility to our front office and suffer fewer settlement problems, at the same time as reducing overall costs. Our team - including the people from Singularity - has worked hard to achieve this, and we are happy to see our results recognised by STP Benchmarks®."

About the STP Benchmarks® Awards

Announced at the gala 2004 STP Benchmarks® Dinner at the Dorchester Hotel in London, the STP Benchmarks® Awards recognise exceptional achievement and performance improvement by financial institutions in Straight Through Processing. Based on the ongoing STP Benchmarks® studies conducted across the industry by STP Information Services Ltd, the Awards highlight the achievement of leaders in STP and encourage industry-wide focus on the benefits and approaches to improving STP performance.

About Singularity:

Singularity increases the performance and agility of business processes by rapid implementation of its industry-leading Business Process Management (BPM) products.

Singularity’s mission is to populate the world with agile organizations. As the leading Business Process Agility specialist we today serve clients in over 30 countries from our offices in London, New York, Singapore, Ireland and India and through our network of partners globally. Acclaimed by leading industry experts, as the best in our field, we provide a unique combination of thought leadership and practical help that creates a new generation of successful organizations.

For further press information please contact Kathryn McDevitt at Singularity.
Email: marketing@singularity.co.uk, or telephone: + 44 28 71 267767. For more information, please visit http://www.singularitylive.com or http://www.singularity.co.uk

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