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Daiwa Securities Global Asset Services Goes Live with Netik InterView for strategy to increase Assets Under Administration in the Hedge Funds Arena


New York and London, January 9, 2007 – Netik LLC, the leading vendor for financial data warehousing and Daiwa Securities Global Asset Services (“GAS”), the longest established hedge fund administrator based in Dublin, a division of Daiwa Securities Group Inc, Tokyo, have announced the production roll-out of Netik InterViewTM, the data warehouse platform for data management and reporting.

“Daiwa Securities GAS signed Netik because of our need to increase operational efficiency and enable the rapid scaling of our business. We wanted to reduce our dependency on internally built systems and implement a standard platform that would deliver consistent consolidated reporting. Netik InterView was selected to replace our internal data management tools and an in-house built data warehouse for client reporting. The implementation of Netik InterView is part of an on-going process of upgrading Daiwa’s technology infrastructure to meet the increasing and ever demanding needs of Daiwa’s hedge fund clients,” commented Brian Guyett, Chief Operating Officer at Daiwa Securities GAS.

“We had previously developed separate internal data management and reporting capabilities, these systems supported the huge business growth achieved by the company to this point but would not be suitable to support our projected business growth. We reviewed the market and quickly established that Netik InterView’s wide asset class coverage, combined with Netik’s proven implementation methodology made the selection process straight forward,” commented Kevin Magee, Chief Technology Officer at Daiwa Securities GAS. “We are very pleased with the results. We have contained and isolated our legacy components and integrated our key processing systems. In addition, we have been able to build a more robust automated reconciliation process between multiple prime brokers and our fund accounting system. The platform now gives us the opportunity to provide market leading reporting to our clients using Netik’s flexible portal technology, which is our current area of focus.”

Colin Close, Chief Information Officer at Netik commented, "We were delighted to welcome Daiwa to the Netik ’family’. It is good to see that Daiwa are using Netik InterView to enhance their existing processes using our data management technology. They also collect data for client reporting as part of the on-going daily processes rather than after the event. We are also pleased that Daiwa have become largely self sufficient in rolling out their new found functionality using a small team of their own resources, rather than relying on an army of consultants. This highlights Netik’s on-going commitment to demystify and simplify data management and reporting projects to enable our clients to deliver real business value and return on their investment.”

About Daiwa Securities Global Asset Services

Daiwa Securities GAS is a wholly owned subsidiary of Daiwa Securities Group Inc, Tokyo and acts as its principal hedge fund asset service provider. Daiwa Securities Group Inc operates primarily in the securities, capital markets, asset management and asset servicing businesses. The Group’s shares are quoted on the stock exchanges in Tokyo, Osaka, London, Paris, Frankfurt and Brussels.

Daiwa Securities GAS is a specialist hedge fund service provider to the international market. It was established in Ireland in 1990 and is the longest established hedge fund administrator in that location with assets under administration of $38 Bn. The business relationship with their clients is seen as a partnership where Daiwa provides relationship driven solutions and technologically advanced delivery platforms.

Daiwa Securities GAS employs over 220 staff based in offices in Dublin and London and has recently established a new office in Dundalk (Ireland) to cater for future growth. It also has subsidiaries in Grand Cayman and Luxembourg. For more information visit

About Netik

Netik is a global leading provider of financial data warehouses to the securities industry. Netik’s data warehouse product, Netik Interview, sits at the heart of Investment Operations at many of the world’s leading Asset Managers, Hedge Funds, Wealth Managers, Private Bankers, Prime Brokers, Fund Administrators, Custodians and Investment Operational Outsourcing providers.

The Netik team has spent the past 15 years perfecting the art of bringing together portfolio accounting, performance and risk data from disparate sources into a single version of the truth (SVOTTTM). The result is a highly scalable and sophisticated securities business data model that has been designed to process all securities and offers a complete model for traditional and alternative markets.

Netik, as a leading provider of data warehouse solutions, is able to achieve rapid implementations through its ‘plug & play’ capabilities with off-the-shelf solutions for Netik Asset Manager, Netik Prime Broker and Netik Fund Administrator that are all centered around the uniquely powerful business model of Netik InterView.

For more information please visit

Press Contact:

Jennifer Massing

MassingPR, LLC

+1 917-293-2405


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