Architas chooses Neoxam to support IT and operational overhaul
From Institutional Asset Manager:
Architas, a global asset manager with GBP33.6 billion AUM and AUA, has selected NeoXam’s DataHub platform to support a broader IT and operational transformation programme that includes the revamping of its existing front and middle office systems across their global multi-fund business.
NeoXam’s DataHub will serve as a central repository for Architas, creating a single point of the truth for securities, entities, benchmarks and portfolios. With a comprehensive range of diversified offerings across multiple asset classes, efficient data distribution is essential for the asset manager. The selection of Neoxam DataHub allows Architas to consolidate a number of in-house developed data management systems into one ‘best of breed’ solution that will be used across its different investment hubs.
Eric Bercovici, head of IT at Architas, says: “NeoXam DataHub helps us achieve our wider IT and operational aims of reducing the complexity and cost of our IT estate, as well as enhancing the quality, management and distribution of our data. Having a proven partner over the long term means that we are able to maintain in-depth knowledge about our data processes.”
Yan de Kerland, Sales Director EMEA at NeoXam, adds: “Data management has always been important for asset managers, but the rapid changes we’re seeing in global market structures make it even more important now than in the past. Our DataHub solution means that Architas will benefit from the best quality service and support needed control and minimise their data risk.”