SERVICES
Middle-office operations built around a common view of trades, positions, cash and exceptions.
Connect post-trade processing, reconciliation, treasury and collateral so operational breaks are visible before they reach NAV, reporting or liquidity decisions.
Overview
The middle office connects investment activity to the books, cash and records that the rest of the organisation relies on. A strong middle office does not just process trades; it keeps positions, cash, settlement, financing and exceptions aligned across brokers, custodians and internal systems.
Our model can support full recurring operations or selected components where the manager wants to retain more control.
The operating challenges we address
- Trades and provider records do not match in real time.
- Cash and positions are spread across multiple prime brokers, banks and custodians.
- Breaks are identified but not prioritised, owned or aged.
- Settlement, collateral and treasury activity are handled in separate spreadsheets.
- Operational data is not reusable for NAV, risk and reporting.
Capabilities
How the service works
| Step | Operating activity |
|---|---|
| 1 | Ingest trade, cash, position and provider data. |
| 2 | Normalise accounts, identifiers, dates and static data. |
| 3 | Match and reconcile independent records. |
| 4 | Route breaks, settlement risks and funding needs to the correct owner. |
| 5 | Close exceptions with evidence and publish a controlled operating view. |
Technology & expertise
We combine controlled workflow technology with specialist operating knowledge. Expert judgement defines the rules, review criteria and exceptions; the technology layer connects data, automates repeatable processing, preserves evidence and routes issues to the right owner.
Core operating elements
- Financial AI Harness for workflow orchestration, tools, context and escalation.
- Specialist skills for the domain-specific work inside this service pillar.
- Approved data and system integrations rather than an unnecessary rip-and-replace model.
- Rules, validation, exception thresholds, permissions and audit trail.
- Expert review for judgement-sensitive and material items.
Who this is for
Most relevant to Hedge Funds, traditional Asset Managers, Multi-Managers, Family Offices and Private Credit portfolios with active trading.
Delivery models
| Model | Description |
|---|---|
| Managed Operations | We execute the agreed recurring workflow while client and appointed-provider approvals remain explicit. |
| Technology Enablement | We implement the data, workflow and control layer for the client team to operate. |
| Hybrid / Co-sourced | Execution and review are shared through a documented responsibility and escalation model. |
| Transition & Implementation | We mobilise the operating model during a launch, provider change or transformation. |
Responsibility and control
Our service architecture is designed to preserve formal responsibility boundaries. Where a regulated, fiduciary, legal, tax, audit, banking, custody, agency or investment-management role belongs to the client or an appointed provider, that responsibility remains explicit. Kelton operates the agreed workflow, technology, data and specialist-support layer within the documented mandate.
Discuss Middle Office Services
Start with one operating problem or one workflow. We will map the current process, the data and provider dependencies, the control model and a practical first engagement.