Company Profile

Who are we?

Thomas Murray IDS (TMIDS) was established in 1994 and has its headquarters in the UK (London) and has offices in Australia (Melbourne), Canada (Toronto), and the USA (New York). We provide benchmarking, monitoring, selection and customised advisory services for institutional investors, focusing on costs, risks, and operational performance associated with service providers.

Our staff members have backgrounds in accounting, banking, capital markets operations, credit ratings, custody, derivatives, fund administration, fund research, investment advisory, stock exchanges and trust operations.

What are our services?

We provide our clients with a number of services including Service Provider Benchmarking and Monitoring, Service Provider Selection and RFP Process and Customised Advisory Services.

Service Provider Benchmarking and Monitoring

Our modules provide benchmarking and on-going monitoring of costs, risks and operational performance of service providers, identifying any unnecessary risk exposures and providing confirmation of value for money.

Services that are currently benchmarked include:

These services can be taken on a one-off or on an on-going monitoring basis.

Thomas Murray IDS Benchmarking and Monitoring

Service Provider Selection and RFP Process

Our service provides specialist support to facilitate the selection of service providers through a sophisticated, formal Request for Proposal (RFP) process, as well as being able to provide transition support.

This covers:

  • Custodians
  • Fund Administrators
  • Depositaries
  • OTC Clearing Brokers
  • Collateral Managers
  • Prime Brokers
  • Transfer Agencies

Thomas Murray IDS Selection and RFP Process

Why use Thomas Murray IDS?

  • Unique - Thomas Murray IDS provides objective and independent opinion based on current market data
  • Explicit cost savings - over 70% of clients, that do not formally review their arrangements periodically, pay too much for custody and related services compared to the current market rate
  • Hidden cost savings - over 50% of clients, that do not monitor FX costs, pay excessive spreads on foreign exchange
  • Risk management - in 90% of cases examined by Thomas Murray IDS, service provider contracts are deficient in some way and expose clients to unnecessary asset safety and asset servicing risks
  • Project management - clients can focus their resources on their core business
  • Perspective - we are able to combine local market expertise with a global perspective on best market practices
  • Risk management - “know your outsourcing provider”- monitor and manage financial, operational, asset servicing and asset safety risks
  • Operational effectiveness - service providers that are monitored regularly (and know they are monitored) perform better