Coronation Fund Managers, one of the largest independent fund managers in South Africa, has gone live with SmartStream’s corporate actions solution, TLM Corporate Actions OnDemand.
Coronation manages ZAR 602 billion ($41.7 billion) in client assets.
The new solution has automated “the complete corporate actions lifecycle”, the vendor says. The fund manager uses it to process mandatory and voluntary events, including proxy voting for their domestic and international markets.
“Given that this project ran in parallel with a number of strategic initiatives, its successful implementation was essential,” comments Llewellyn Smith, COO at Coronation.
“We value SmartStream’s corporate actions expertise which guided us through the procedure in less than four months.”
Coronation has become the first SmartStream’s TLM Corporate Actions client in South Africa.