From A-Team Insight:
Architas, a London headquartered global asset manager, has selected NeoXam’s DataHub platform to support an IT and operational transformation programme that includes updating front and middle office systems across the firm’s global multi-fund business.
With a comprehensive range of diversified offerings across multiple asset classes, the asset manager says efficient data distribution is essential. NeoXam’s DataHub will serve as a central repository for Architas, creating a single point of truth for securities, entities, benchmarks and portfolios. It will also allow Architas to consolidate a number of in-house built data management systems into a best-of-breed solution that will be used across its investment businesses located in jurisdictions including Ireland, Belgium, France, Hong Kong, and Indonesia.
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 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.”
The Architas deal is NeoXam’s third publically announced contract this year following agreements with CNP Assurances Group in March, and MCA Finance in February.