EZOPS's on-shore and innovative middle office service for Hedge & Institutional Funds, challenges status-quo

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Jun 19, 2014, 07:00 ET

NEW YORK, June 19, 2014 /PRNewswire/ -- EZOPS, a firm based on an innovative concept of providing on-shore, high touch middle office services to financial institutions, is off to a flying start—signing a client each month since its launch earlier this year. Targeting hedge funds, institutional funds, banks, insurance firms, family offices and pension funds, the firm provides an end to end solution from trade capture to reporting.

EZOPS service suite, leveraging a cutting edge technology infrastructure provides trade capture, confirmation, payments, corporate action support, valuation, collateral management, cash management, risk management (Scenario, exposure, stress and P&L attribution), real time P&L explain and comprehensive reconciliation for simple and complex fund strategies including Long-Short, Event Driven, Macro, Distressed, High Yield, FX, Quant & Multi Strategy Funds. Product coverage includes Equities, Fixed Income, FX, Interest Rate products, Credit derivatives, Commodities and Structured Products.

Headquartered in New Brunswick, NJ, the firm is capitalizing on seasoned operational talent and a strong base of qualified graduates from nearby colleges. Founded by Industry experts—Bikram Singh (former Global Head of Citi Derivative Services), Sarva Srinivasan and Dutt Chintalapati (veterans from trading software and services firms like Oracle, PWC, Calypso and Genpact)—the firm's emphasis on their local support model is a striking departure from traditional service providers who support clients from far-flung locations across the globe.

The company is positioning itself as a higher-quality alternative to traditional service providers. Commenting on the change in outsourcing attitudes in the financial Industry, CEO and Founder Bikram Singh remarked that, "clients no longer see the benefit in outsourcing to far away locations with high attrition rates and low service standards; they are demanding control, transparency and flexibility, which only a firm like EZOPS, with a local footprint, can provide." Mr. Singh further commented on the cutting-edge technology and infrastructure that are needed to provide middle office services, both of which he said are not easy to build or implement successfully.

The firm is confident that given its niche focus and local service model, clients will be supportive of the firm's overall mission—to create meaningful local jobs.

EZOPS recently launched a Dublin office to provide similar services to European-based funds and is in talks with several high-profile clients. Remarking on the name of the firm, Mr. Singh stressed on the need for delivering efficient services and said that although nothing in operations is ever easy, it is a motto that keeps the young company focused on delivering on its promise to its clients.

For more information please contact: [email protected], Phone: (732) 253-7955.

SOURCE EZOPS