Mesirow Financial, an independent diversified financial services firm, has gone live on Clarient Entity Hub, a utility-based service designed to simplify client data and document management.
An industry-owned and governed utility, Clarient Entity Hub removes costs and risks associated with the bilateral exchange of client entity data and documentation between institutional investment managers, hedge funds, corporations, broker/dealers and custodian banks.
Users are able to establish and manage their unique client relationships and associated entity data and documentation from a single, secure location, with functionality to identify, collect and validate integral content necessary to meeting global KYC requirements and quickly on-board new clients. The utility streamlines the client on-boarding process by sourcing and validating both public and private content, including data from DTCC’s Avox Data Services, enabling firms to begin trading sooner with no disturbance to the providing legal entity.
“By adopting Clarient Entity Hub, Mesirow will be able to take advantage of an industry-standard solution for client on-boarding and KYC,” stated Wendy L Brooks, Senior Managing Director at Mesirow Financial. “Ultimately, the solution will allow us to provide our buy-side clients with a better experience at a reduced cost.”