[ G C L E G E N D | J A Y P E L L E R ] has been a pioneer in automation , citing the example of CitcoConnect , a tool that simplifies and automates the management of prospective investors and the placement of initial investments in alternative funds through a secure data room . More recently , Peller says Citco migrated $ 1 trillion of AUA onto the newest version of AExeo , running on Amazon Web Services ( AWS ) in what was one of the largest accounting transitions in history , and the largest within the alternatives industry . The move means all of Citco ’ s hedge fund and hybrid clients now have a secure cloud service , which streamlines the administration of their portfolios . In total , Citco migrated more than 550 clients to AWS – including 10,000 accounts and 1.2 billion orders . Such digitalisation , he highlights , will be essential if fund administrators are to thrive in this competitive market environment . “ It is all about improving the end customer experience ,” he says .
Fund Services Annual 2022 globalcustodian . com 29