Russell Investments selects Qumram for digital record-keeping
Russell Investments, a US-based asset management firm, has chosen Qumram to provide compliant digital record-keeping.
Qumram, a digital interaction audit solutions provider, says it mitigates risk at Russell Investments by recording and retaining all digital interactions on the firm’s corporate website in real-time, in accordance with global regulatory requirements.
Qumram says that “increasingly, regulation is focusing on digital record-keeping to ensure consumer protection in financial services”.
It says “most”, including US SEC 17a-4, and MiFID II in Europe, require 100% capture and retention of all digital interactions, and immediate access to them, for a period of up to seven years.
Qumram is headquartered in Zurich, Switzerland, and has offices in the UK, Spain and the US. It is a privately owned business with clients across Europe and North America.
Russell Investments has more than $244 billion in assets under management (as of 30 June 2016) and works with more than 2,500 institutional clients, independent distribution partners and individual investors globally. It is headquartered in Seattle, but also has offices in New York, London, Paris, Amsterdam, Milan, Dubai, Sydney, Melbourne, Auckland, Seoul, Tokyo, Shanghai, Beijing, Toronto, Chicago and Milwaukee.