Revamping Corporate Actions

"We’ve all been exposed to these huge, huge risks for years," says Martin Pearce, senior vice president and director of investment operations at Boston-based MFS Institutional Advisors. "We’ve just accepted it because there have been no other options."

So much risk exists because corporate actions processing is complex, requiring multiple steps of messaging back and forth with shareholders, important decision-making and portfolio accounting. At most firms, this process is almost entirely man