Gravitas launches new business consulting services to meet needs of evolving alternative investment management firms

Gravitas Technology, a leading technology service provider  to  the  alternative  investment  management  industry,  today  announced  the official launch of its Business Consulting Services division to be headed by industry veteran  Steven  Richard.  The  division  has  been  specifically  designed  to  meet  the evolving  needs  of  larger  hedge funds that  require  complex  and  scalable  operating platforms.  

“The core offerings in the Business Consulting Services division are part of a new paradigm in high-end technology and operations consulting services now in demand in the alternative asset management space,” said Jayesh Punater, CEO of Gravitas Technology.   “Gravitas is pleased to introduce a range of vital business consulting services  that  complement  the  core  offerings  of  systems  integration  and  software services. These business consulting services will be offered at a variable cost model that scales with the fund manager’s needs – allowing the firm to concentrate on pursuing alpha, while controlling IT and operational costs.”

Gravitas’ Business Consulting Services division will be headed by Steven Richard, who as  executive director  brings 20-plus years of  experience  in  the  asset management industry  to  the  firm.  Prior  to  Gravitas,  Steve  was  a partner  and  served  as  Chief Operating Officer for Spectrum Global Fund Administration, where he developed and implemented a service-based organizational structure, in addition to leading the firm’s globalization effort by opening offices in the Cayman Islands and Bangalore, India.  Prior to Spectrum, Steve worked at Investors Bank & Trust and for US Trust of NY, Mutual Funds Services Company, and was also an audit manager at Price Waterhouse.

“Managers  need  to  successfully  react  to  and  address  the  institutional  demands  of today’s markets,” said Mr. Richard. “A strong control environment and scalable infrastructure  to  support  rapid  asset  growth  and  complexity  of  products  traded  will position the best managers to achieve future success.”

The Business Consulting Services division is staffed by a team of experienced hedge fund professionals in operations, accounting, and IT, and is comprised of the following service offerings:

  • Operational Risk and Technology Assessments
  • Vendor Selection and Implementations
  • Fund Administrator Due Diligence and Evaluation Reviews
  • Business Continuity Planning

The team will advise clients on both applying and leveraging technology to achieve effective business results, and deliver this as part of a Gravitas holistic service offering that covers business operations expertise,  software  development,  and  infrastructure design.

About Gravitas Technology

Gravitas Technology, founded in 1996, is a leading technology service provider to the Alternative Investment industry. Gravitas provides an integrated, holistic view of technology that combines Business Consulting Services, Software Services, Systems Integration, and Project Management Services. The firm’s uniquely skilled strategists and practitioners offer deep domain experience in the hedge fund, prime brokerage and fund administration businesses, which allows Gravitas to not only consult and advise firms, but also provide implementation and remediation services. Gravitas’ customers include a broad range of financial services firms, spanning hedge  funds, private  equity funds, brokerage  firms, investment banks and traditional asset management firms.  For more information, please visit: