There are a wide variety of
careers available in the funds
industry. In order to understand
how these careers fit into the
overall scheme of things, we
identify below some of the key
players and the roles they
perform. Click on any of the links
for more details.
the
fund promoter - markets and sells
the investment opportunity to the
investors
the
investment manager who makes the
investment decisions to try and
increase the value of the fund
the
Management Company / fund
administrator whose responsibility
it is to make sure the fund is
managed properly.
The
trustee / depositary acts on
behalf of investors to ensure the
Manager is acting in compliance
with the regulations. The trustee
/ depositary is also responsible
for the custody / safekeeping but
this is routinely outsourced to
large custodian banks
The
custodian holds the assets of
the funds in safekeeping for the
investors. Is responsible for such
things as the collection of income
and processing of corporate
actions.
There are then also the
support services such as IT, HR,
Finance, Internal Audit etc and of
course the external supports such
as Auditors, Legal Advisers and
Consultants.
NOTE: With the growth in
outsourcing it is not uncommon for
the Management Company to
outsource some of its functions to
one or more Third Party
Administrators (TPAs), eg. to a
fund accounting TPA and a transfer
agency TPA
