Fund Accounting Migration & Transformation
10th March 2026 ยท
Albany Beck partnered with a global organisation to deliver a 12-month migration of clients, funds and core operations onto a modernised fund accounting platform. The programme formed part of a broader transformation agenda spanning Custody, Transfer Agency, Private Equity and Real Assets, requiring coordinated execution across operations, technology, data and client teams.
A multidisciplinary Albany Beck team was deployed to deliver an industrial-scale migration with structured governance, full regulatory assurance and zero disruption to live services.
Challenge
The organisation faced a highly complex multi-service migration involving over 120 funds, 16,000+ securities valuations and 20 parallel NAV cutovers. Legacy systems operated under inconsistent methodologies, pricing hierarchies and valuation rules, requiring alignment into a consolidated target platform. Internal bandwidth for structured governance and cross-functional coordination was limited, while regulatory and client-committed deadlines left no margin for slippage. The programme required strong leadership, deep migration expertise and robust MI to unify disparate teams under a single delivery rhythm.
Approach
Albany Beck deployed a fully integrated delivery team led by a senior Programme Manager, supported by Business Analysts, Data Analysts, PMO specialists and a dedicated MI expert. Programme governance was strengthened through structured executive forums, transparent RAID management and formal milestone ownership. Business Analysts delivered end-to-end transition gap analysis and operating model alignment, while Data specialists operated within the fund accounting control environment to manage ETL processes, data lineage documentation and structured reconciliation frameworks. A central MI platform was introduced to provide real-time visibility across funds, migration waves and dependency sequencing, enabling proactive risk mitigation and dynamic resource allocation.
Solution
Albany Beck designed and operated a high-control migration framework combining executive governance, structured NAV parallel production and clearly defined Go/No-Go thresholds. Valuation models, pricing hierarchies and tolerance parameters were aligned to the target platform, underpinned by controlled QC gates, exception-led remediation and formal accounting sign-off. Client engagement was embedded throughout transition, supported by structured UAT, reporting validation and coordinated migration communications to ensure operational and regulatory readiness at each cutover.
Outcomes
The migration programme was delivered in full, with no delays across any migration waves despite significant structural complexity. More than 120 fund migrations and 16,000+ security valuations were executed across 20 parallel NAV cutovers without service disruption.