Prashant Vichare
Andheri East
Summary
A results-driven professional with over 19 years of experience in Investment Banking and Asset Management within the Financial Services sector. Possesses a strong command of diverse asset classes including Equities, Fixed Income, Derivatives, and Alternative Investments. Proactively engages with onshore and investment clients on a daily basis, delivering timely and accurate Daily Performance Reports. Demonstrated expertise in developing and analyzing performance and Attribution Metrics and providing valuable insights into investment strategies. Known for consistently meeting strict deadline deliverables, ensuring efficient workflow and client satisfaction. A forward-thinking individual with a keen ability to identify and adopt emerging trends, driving organizational objectives forward. Proficient in the use of Performance engines such as B-one, Sylvan, Statpro, Lipper, and Vermillion leveraging technology to enhance performance reporting and analysis.
Overview
20
20
years of professional experience
Work History
Sr. Manager
Russell Investment India Pvt.Ltd.
Mumbai
04.2024 - Current
- Established and currently manage a high-performing performance reporting team in Mumbai, comprising 14 members. Foster a collaborative and cross-functional work culture, promoting individual growth aligned with organizational goals.
- Oversee performance measurement and client reporting team for institutional clients across all regions, ensuring accurate performance numbers at both fund and attribute levels.
- Manage client reporting for fiduciary management, including ESG (Environmental, Social, Governance) reporting and market commentary. Deliver customized reports at fund and attribute levels for multi-asset funds, focusing on performance and attribution.
- Lead reconciliation processes between ABOR (Accounting Book of Record) and IBOR (Investment Book of Record) systems to ensure data accuracy and quality. Collaborate with internal stakeholders to resolve data discrepancies and streamline workflows.
- Work closely with regional heads to ensure a smooth transition of work to the Mumbai team. Collaborate with internal teams such as Data Operations, Fund Accounting, App Development, Investment Division, Fund Managers and Client Servicing teams to address concerns, implement new requirements.
- Actively involved in setting up new client onboarding processes tailored to specific client requirements.
- Engage with vendors to identify pain points and collaboratively improve service quality.
- Utilize automated tools like FactSet's Vermilion Reporting Suite to streamline reporting processes, ensuring timely delivery of high-quality reports in multiple formats (e.g., PDF, Excel).
- Encourage cross-training within the team to build versatility and ensure seamless operations. Mentor team members to align personal growth trajectories with organizational objectives.
- Provide actionable insights through performance analysis that influence investment decisions. Actively contribute to process improvements by identifying gaps in data workflows and implementing solutions.
- Proficient in FactSet Vermilion Reporting Suite, SS&C Sylvan Performance Engine, PAA. Expertise in data reconciliation processes (ABOR vs IBOR). Strong analytical skills with a focus on delivering accurate performance numbers and actionable insights.
AVP
HSBC Electronic Data Processing India Pvt.Ltd.
Bangalore
08.2023 - 04.2024
- Collaborate with internal stakeholders including Operations, Fund Accounting, and Asset Management teams, Product team to gather and consolidate data for final reporting.
- Prepare AIR (Alternative Investment Reporting) Packs for Investors and Investment Teams.
- Manage queries related to performance numbers and ensure accuracy and consistency in reporting.
- Liaise with the Accounting team to make corrections in ABOR (Accounting Book of Records) and IBOR (Investment Book of Records) data if any.
- Provide performance metrics, including TVPI (Total Value to Paid-In), DPI (Distributions to Paid-In), and IRR (Internal Rate of Return) to investors based on accounting books of records.
- Work closely with Administrators to obtain IBOR data and calculate Modified Dietz returns for the Investment Team.
- Collaborate with the Investment Relations team to understand their requirements for finalizing and distributing performance packs.
- Proficient in using accounting systems, specifically Geneva, and Performance systems, including FactSet (B-One).
- Involved in the preparation of factsheets for Hedge Funds of Funds.
- Actively involved with various stakeholders to standardize the AIR packs for various Alternative Asset class.
Director
SS&C Technologies Private Limited
Mumbai
12.2014 - 07.2023
- Lead a high-performing team based in India responsible for providing comprehensive performance and attribution reports to clients across diverse regions, including the UK and US.
- Successfully oversaw the transition of the Performance Reporting team for a high-net-worth UK-based client of SS&C, ensuring a seamless transfer of responsibilities.
- Provide offshore operations support for troubleshooting and resolving performance-related concerns.
- Offer day-to-day support for clients' business activities, ensuring smooth operations.
- Collaborate closely with clients to assist them in interpreting performance and attribution data, enhancing their understanding of the impact of their investment decisions.
- Actively participate in the implementation and transition of performance reporting projects for newly onboarded clients.
- Engage directly with clients during the implementation phase to gather and address their requirements related to performance reporting, attribution, portfolio structures, security master data, and more.
- Deliver monthly and quarterly performance analyses for a diverse range of asset classes.
- Effectively communicate the results and insights to clients.
- Ensure accuracy of data and performance numbers, such as Portfolio & Benchmark Returns, Relative numbers, Overall Fund Performance and security level contributions.
- Work in tandem with performance consultants to analyze, prepare, and validate client reports and presentations.
- Responsible for Streamline processes from the transition phase to the live phase for all new clients for Performance reporting.
- Collaborate with internal stakeholders, including Development, Operations, Fund Accounting, Pricing, and Corporate Action teams, to ensure the accuracy and timeliness of information provided to clients.
- Actively participate in external client calls and efficiently address client queries.
- Lead discussions with department heads to resolve performance-related queries and manage client expectations effectively.
- Monitor overall process functioning and drive a culture of continuous process improvement.
- Create training and knowledge-sharing process documents to streamline operations and facilitate the induction of new team members.
- Ensure compliance with risk and control measures during report preparation.
- Continuously assess and enhance Key Performance Indicators (KPIs) to maintain a robust performance tracking system.
- Conduct annual employee appraisals and hold monthly discussions with individuals to analyze past performance and set future goals.
Senior Associate
WNS Global Services Pvt. Ltd.
Bangalore
07.2010 - 12.2014
- Led the seamless transition of the Bi-SAM application (B-One) and retail fund performance measurement process from the UK. B-One, a cutting-edge Performance, Attribution, and Client Reporting platform, was introduced to replace the legacy system Sylvan.
- Presented performance reports to clients and Fund Managers, highlighting the performance of various asset class funds and providing insights into the reasons for underperformance and overperformance.
- Managed the uploading, validation, reconciliation, and analysis of diverse performance data within the GIPS (Global Investment Performance Standards) framework.
- Reconciled and updated portfolio and benchmark performance, identified, investigated, and resolved security-level discrepancies at the transaction, position, and pricing levels.
- Generated precise rates of returns by eliminating noise and skewness from monthly performance data, ensuring compliance with GIPS standards.
- Built attribution reports for 110 fund-of-funds across various financial investments.
- Implemented rigorous 100% quality checks on deliverables, calculating, evaluating, and presenting accurate investment performance attribution results at the security level, asset class level, and total portfolio level.
- Effectively addressed ad-hoc queries from Fund Managers and Product Specialists, providing timely and comprehensive responses.
- Demonstrated expertise in various Performance systems, including B-One, Sylvan, STAT-PRO, LIM (Lipper), and the accounting system HI-PORT.
- Possess hands-on experience with Bloomberg and SQL, enhancing data analysis capabilities.
- Actively participated in production monitoring and quality assurance processes, ensuring data accuracy and reliability.
- Maintained open and effective communication within the team, escalating issues and providing necessary supporting information as required.
Team Developer
BA Continuum India Pvt. Ltd.
Mumbai
08.2007 - 07.2010
- Managing 5 Associates in the Investor Asset Management for the Mortgage Industry and involved in the reconciliation and research process for the same.
- Preparation & Reviewing Bank Reconciliation for Investor Custodial Accounts.
- Perform applicable research and initiate actions to clear items in a timely and effective manner with 100% perfection and maintaining 100% quality.
- For pending item on bank recon communicate with reporting analyst (US Team) with the guidelines established within the department.
- Handling Correction & Queries raised by customers and analyst.
- Impart training to the new joiners, act as a Mentor.
- Recognized as an ‘IAM Outstanding Performer’ within 6 Months.
- Certified Award Received as an ‘IAM Perfect’.
- Recognized as a top performer for Monthly and Quarterly from the Department.
- Helping seniors in 2 Green Belt projects for Dollar and time saving.
- Worked on 1 best practice which reduced manual error and save time.
Account Officer
RSM McGladrey FPO India Pvt. Ltd.
Mumbai
05.2005 - 06.2007
- Preparation & Review of Bank Reconciliation Statement for US Grocery stores.
- Financial accounting for all the books of account for US Grocery stores.
- Handling Correction & Queries raised by customer.
- Data Entry of all source documents.
- Verifying & Posting transaction to Journals, Ledger & Other records.
- Maintain the status & Log records.
- Imparting training to New Joiner.
Education
Data Science And Business Analytics
Texas University
B. Com -
Mumbai University
CIPM - Level I candidate
USA
Skills
- Performance, Risk and Attribution Analysis
- Investment and Client Reporting
- Process Improvement
- Data reconciliation
- Transitions
- Stakeholder engagement
- Client Relationship Management
Interpersonal Skills:
- Leadership
- Analytical
- Thinker
- Collaborator
- Intuitive
Timeline
Sr. Manager
Russell Investment India Pvt.Ltd.
04.2024 - Current
AVP
HSBC Electronic Data Processing India Pvt.Ltd.
08.2023 - 04.2024
Director
SS&C Technologies Private Limited
12.2014 - 07.2023
Senior Associate
WNS Global Services Pvt. Ltd.
07.2010 - 12.2014
Team Developer
BA Continuum India Pvt. Ltd.
08.2007 - 07.2010
Account Officer
RSM McGladrey FPO India Pvt. Ltd.
05.2005 - 06.2007
Data Science And Business Analytics
Texas University
B. Com -
Mumbai University
CIPM - Level I candidate
USA
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