Vanguard will deploy all modules of TLM Corporate Actions to centrally capture and process events in all major markets, including it’s own domestic equity and fixed income businesses. Commenting on the purchase Philip Roe, Head of IT, Vanguard Investments Australia Ltd, stated, “The use of SmartStream’s Corporate Actions solution is part of Vanguard’s ongoing commitment to adopt world class process that reduce operational cost and risk and ultimately deliver exceptional customer service.”

Vanguard’s decision to purchase SmartStream’s TLM Corporate Actions was based upon the solution’s flexibility and scalability in managing the end to end processing of Corporate Actions. Stefan Wawrzyniak, Director, Asia Pacific, SmartStream Technologies, commented “We are delighted that Vanguard will be deploying TLM Corporate Actions to enable them to automate all aspects of their event processing from event capture and cleansing through entitlement calculation and their compliance and reporting requirements.”