Watson Wheatley – i-Recs

Watson Wheatley (WWFS) is a specialist in reconciliation software and solutions with worldwide clients including hedge funds, long only asset managers and commodities traders. Its principal products are i-Recs and its integrated data aggregation software Importer. Incorporated in 2006 WWFS have become known for providing high quality software, implementation and support services to some well known names in the asset management and commodities trading sectors with over $115bn in assets under administration. With a deep understanding of buy-side requirements WWFS continue to develop their systems in close collaboration with clients and aim to continue their expansion into other industries and reconciliation types.

i-Recs is an extremely versatile, scalable and powerful reconciliation solution that can be implemented rapidly and covers all asset classes. i-Recs supports reconciliations at any time interval (daily, monthly, intra-day) as well as on an ad-hoc basis for everything from simple cash and trades all the way up to full NAV and total equity accounting for derivatives. WWFS have recently released i-Recs 2 which is built on the latest development framework and incorporates user definable dashboards, enhanced reporting and an updated user interface. Data aggregation is provided by WWFS’s Importer product which allows fully configurable data mapping from external sources to i-Recs. Importer removes the need for hard-coded import methods and allows end-users to build or modify imports from pre-defined templates in a fraction of the time required by competitor products.

Duncan Wheatley is the Managing Director of WWFS and oversees the design and development of the i-Recs reconciliation solution. Duncan has worked for over 30 years in the financial services sector, his experience in reconciliation comes from being both a consumer of systems and now as a vendor. Before forming WWFS Duncan was Head of Middle and Back Office Development for GLG Partners, then the largest hedge fund in Europe. He was also Director of Global Operations for Scudder Kemper Investments, a $350bn asset manager headquartered in New York. Duncan’s other roles include head of Operations for Rothschild AM in London and Hedge Fund Practice leader for consultancy CityIQ.