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Rodric R. O’Connor, Managing PartnerWith ever-growing expectations of simple consumer like usage of technology and ubiquitous mobile access, cloud infrastructure and applications are fast gaining wide acceptance and rapid adoption in the finance technology vertical. “Cloud enables seamless collaboration between private equity companies and their portfolio companies,” observes O’Connor. “Our cloud implementation methodology drastically reduces costs and empowers our clients to comply with Security Exchange Commission (SEC) regulations.”
The company upgrades its client’s legacy infrastructure to a fault-tolerant and distributed environment which is highly resilient to hardware failure and geographic disasters by leveraging advances in cloud, and consolidated compute and storage solutions. This provides complete control on the way confidential data is managed. HalcyonFT’s Technology Audit service reviews the client’s IT operations and infrastructure by clearly identifying the prevalent risk factors. “We perform cybersecurity gap analysis, with recommendations on appropriate policy, processes and infrastructure,” says O’Connor. The gap analysis goes hand-in-hand with the due-diligence services HalcyonFT offers for investments within the asset management industry. The client is hence equipped with a clear picture of technology risks and opportunities within their potential and existing portfolio companies.
Our cloud implementation methodology drastically reduces costs and empowers our clients to comply with Security Exchange Commission (SEC) regulations
One of HalcyonFT’s clients—The Presidio Group, a wealth advisory, investment banking and private equity firm—ran a high risk of data loss, lacking the required focus on cybersecurity. The client’s outdated IT architecture increased security risk, and raised concerns about compliance with SEC cybersecurity regulations. Presidio hired HalcyonFT to address their issues. HalcyonFT reduced the risk of data loss and its impact on business continuity. The company delivered continuous backup with multiple distributed copies reducing the risk of data loss, and cloud based disaster recovery infrastructure that improved the time to recovery from a disaster from days to an hour. Presidio gained a much improved network security with two-factor authentication that minimized the risk of data leakage due to cybersecurity attacks. Resolution of network and server reliability and performance issues significantly improved the efficiency of the client’s business processes. “With HalcyonFT we have a business partner that specializes and understands our business,” states Tom Emig, CFO, Presidio Group.
HalcyonFT is currently focused on developing infrastructure templates that allow clients to have a 100% cloud application infrastructure, with the on-premise presence of solely network equipment. Along with a clear focus on expanding their geographic footprint, HalcyonFT will make their way into data analytics. “The future is all about extracting data from disparate sources, integrating and manipulating it so as to empower users to gain valuable insights,” concludes O’Connor.
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Company
Halcyon Financial Technology
Management
Rodric R. O’Connor, Managing Partner
Description
Provides tailored IT solutions to private equity, hedge fund and investment management firms
SAN FRANCISCO - Halcyon Financial Technology, announces that it has been recognized by WealthTech Americas Awards as “Best Implementation/Partner (US)” of 2023. Now in its second year, the annual award program recognizes outstanding organizations that are deemed by a prestigious panel to have demonstrated innovation and excellence.
WealthTech’s prestigious global award programs celebrate the achievements of the wealth management, private client and niche family office sectors. The WealthBriefing WealthTech Americas Awards recognize and celebrate the technology partners servicing the wealth management industry. HalcyonFT’s award in the Consultancy & Training Category is a tangible demonstration of the value of the firm’s services and notable achievements, as well as an opportunity to showcase top-class performance and innovation.
“HalcyonFT leverages decades of experience in the financial services industry to anticipate the technology needs of new and established firms,” said HalcyonFT Founder and Managing Partner, Rodric O’Connor. “It’s an honor to be recognized by WealthTech for delivering innovative solutions that maximize reliability and data security in an ever-evolving technology landscape for our wealth management and family office clients.”
“We are honored by this award, which recognizes our focus on excelling in each implementation for our clients,” said HalcyonFT Founder and Managing Partner, Rodric O’Connor. “We embrace the opportunity to serve as true partners with our clients, ensuring that our goals and objectives are aligned throughout each implementation.”
Based in San Francisco, HalcyonFT provides technology to private equity, hedge fund, investment management firms, and family offices with an aggregate AUM of more than $320 billion. Through “outsourced IT,” HalcyonFT serves as an internal IT team and Chief Information Security Officer for clients, becoming a true implementation partner. In this way, HalcyonFT helps its clients identify and implement best practices that propel their success.
ClearView Financial Media’s CEO, and Publisher of WealthBriefing, Stephen Harris, was first to extend his congratulations to all the winners. He said, ““The organizations and individuals who triumphed in these awards are all worthy winners, and I would like to extend my heartiest congratulations to the winners and to those who have put so much work into each winning submission.”
“These awards were independently and expertly judged solely on the basis of entrants’ submissions and their response to a number of specific questions, which were answered by focusing on the client experience rather than purely quantitative performance metrics,” explained Mr. Harris. “These awards recognize the very best operators in America’s wealth management, with ‘independence’, ‘integrity,’ and ‘genuine insight’ the watchwords of the judging process, such that the awards truly reflect excellence in America’s wealth management.”