"We needed a solution that would help us gain better control of our work flow processes within the trade order management function. We also saw the possibility to increase the level of automation, improve operational efficiency and upgrade our compliance processes," explained Karri Haaparinne, Senior Vice President, Mandatum Private Bank. "We also have progressive growth targets and need a reliable platform on which we can build. Advent has a strong reputation in the Nordic region and we were aware of the capabilities of their front office products. After demonstrating that MoxyÂ® could meet and exceed all our requirements we chose to work with the Advent team," he added.
MoxyÂ® is the industry's most widely used trade order management system, with nearly 700 clients worldwide. MoxyÂ® automates manual trading and order management processes and features portfolio modeling, rebalancing, and what-if scenarios; intra-day order management; pre- and post-trade compliance checking; and electronic order routing and trade execution.
"We are delighted that Mandatum Private Bank has chosen Advent. This deal once again demonstrates how our solutions meet the growing demands of investment management operations, in particular improving the efficiency and effectiveness of the front office," says HÃ¥kan Valberg, General Manager EMEA. "This is a significant client win for us due to Mandatum and Sampo Group's high standing within the European investment management market. We look forward to the opportunity of a long-term relationship with them."
"Advent winning this business shows the continued worldwide appeal of MoxyÂ® in the investment management industry," said Mike Gamson, Advent's Director of Trade Order Management and Compliance. "Our goal with MoxyÂ® is to streamline the order management process, enabling firms to scale their businesses, handle more accounts with fewer resources and improve connectivity with counterparties."