The US financial services company MIK Fund Solutions has announced plans to establish a new Belfast office as part of its ongoing growth strategy. The move will create twelve high-paid jobs, comprised of two business financial analysts and ten software developers. MIK Fund Solutions chose Belfast after looking at several possibilities, citing various reasons for the final decision. These include operating costs, infrastructure and the supply of skilled software engineers as well as time zone. The new Belfast office will enable MIK to offer clients a 24/7 ‘follow-the-sun’ support service and facilitate the extension of the company software development footprint. As a global professional services company, Procorre recognises the advantages of job creation in Europe and is able to assist consultants, clients and preferred suppliers in navigating aspects of business here such as compliance. Working with preferred suppliers, Procorre ensure their Consultants have the on-the-ground knowledge and expertise to assist in business and product expansion.
MIK Fund Solutions
MIK stands for ‘Making Information Knowledge’ and that is what MIK Fund Solutions does best. The company provide software for comprehensive data management and actionable intelligence for both traditional and alternative asset managers. The innovative software solutions cover all asset management needs, from portfolio analysis to security, data warehousing to treasury management. With both comprehensive and modular software, MIK Funding Solutions do all the heavy lifting and make business complexities comprehensible, actionable and digestible. Solutions from MIK help clients to integrate data from numerous sources, converting that data into information that is meaningful and interactive. Customers of MIK Fund Solutions include multi-billion-dollar asset managers working in both traditional and alternative investment markets.
New Operations Base in Belfast
The new base of operations being established in Belfast will create twelve new jobs, each attracting an average salary of around £63,000. COO of MIK Fund Solutions Marshall Saffer stated that the firm was very excited about the new venture, which brings the company access to a highly skilled professional workforce within a relevant time zone. Saffer went on to say that the current growth strategy of MIK revolves around an expansion of the current product offering. This enhanced offer will be supported by both the US office and the new Belfast team. Each high calibre finance or software professional to be taken on board will be provided with plenty of additional training on the job, exploring up-to-the-minute concepts including financial, business and technology. Invest Northern Ireland assisted with the creation of the twelve new roles with £84,000. Alastair Hamilton chief executive of Invest NI helped to make the announcement during a recent trip to the US offices of MIK Fund Solutions. Hamilton emphasised the growing reputation of MIK Fund Solutions within a niche market.
MIK Technology
MIK uses an open platform to harness user data in the latest technologies. This data can then be used to enable advanced management of funds and portfolios. Data can be aggregated from any source, including Internal, OMS, Brokers, Risk, XLS, Accounting and Reference Data Providers. Each firm’s exacting requirements can be met with meaningful information that enriches and transforms both analysis and action. With MIK Fund Solutions doing all the heavy lifting, clients can then focus on running investment operations efficiently and making the right decisions. The open platform allows for ease of integration, bringing in leading third-party applications and accommodating every activity of the fund or portfolio in question.
Customised End Solutions
MIK Fund Solutions recognise that each firm has unique requirements and for that reason the end user’s view can be customised to meet those needs. To ensure data quality, MIK uses enrichment, cross-referencing and data-scrubbing before sharing data. Each customised solution is fully scalable to grow alongside the business without any compromise on the quality or availability of data or speed of operations. The combination of in-depth knowledge of the financial services industry with expert software development practices ensures that MIK is ideally placed to deliver sophisticated custom solutions that work with each business.
The opening of the new offices in Northern Ireland will enable MIK Fund Solutions to expand their support for clients. With the Belfast and US offices working hand-in-hand, MIK will be able to offer a comprehensive support package that will be accessible to clients twenty-four hours a day. Northern Ireland was selected as it represented the best fit in terms of the strategic development plan of MIK Fund Solutions.
