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Tyler Kim
Chief Information Officer
MaplesFS
(PNR)

Fund administration, says Tyler Kim, is "old school" — a prosaic, processing–intensive business that itself wouldn't distinguish MaplesFS, with $36 billion under administration, from other midsize asset servicers. What sets Montreal-based MaplesFS apart is an evolving array of bespoke institutional services that, according to Kim, 38, have helped fuel a 40 percent increase in fund services revenue so far this year. The growth strategy, which includes middle-office outsourcing and risk reporting, with more services on the drawing board, depends on the architecture that Kim introduced when he became MaplesFS' first CIO, in 2009. That framework was Kim's response to a mandate from his parent organization, offshore-finance-focused law firm Maples and Calder, to leverage technology for competitive advantage. "First, I had to ensure parity with the rest of the market" by buying basic system components from the likes of Advent Software and Linedata, recalls the Stanford University industrial engineering graduate, who was previously chief technology officer of Toronto's Northwater Capital Management and an Ernst & Young consultant. "Then we worked on solutions you can't buy." The ensuing "tech buildout" was centered in Montreal, home to 39 of the company's 236 people, many of them "as much capital markets industry experts as they are technologists."