ODDO ASSET MANAGEMENT TURNS TO LATENTZERO™ FOR POST-TRADE COMPLIANCE

23 February 2007

Oddo Asset Management (Oddo AM), France’s leading independent investment services firm with €20 billion assets under management, £14 billion of which are institutional and mutual funds, has successfully completed its deployment of Capstone Sentinel™ from LatentZero™, the industry-leading pre and post-trade compliance system. Sentinel has been installed as an extension of Oddo AM’s proprietary front-office system to ensure compliance with both regulatory rules and client mandates.

Oddo AM chose Capstone Sentinel for its multi-asset class functionality. Sentinel will ensure compliance on all of Oddo AM’s equities, fixed income, money market and derivatives trades for both institutional accounts and mutual funds. Sentinel delivers automatic updates on new rules from the leading regulatory bodies around the world, which will ensure Oddo AM remains compliant as new directives come into force. In addition, Sentinel’s rules-based technology means that Oddo AM can apply it to even the most complex client mandates, while the intuitive rule builder enables non-technical users to construct a rule and put it into operation in minutes.

Dominique Lomas, Account Manager, LatentZero Paris explains, “In today’s environment of heightened regulatory control it is virtually impossible for an asset management firm to operate without dedicated compliance technology. Capstone Sentinel offers true real-time compliance across all asset classes throughout the entire workflow of a trade. It provides a comprehensive audit trail, incorporating real-time and historic data, which enables users to check incidents and approve changes quickly.

“Sentinel’s extensive reporting capabilities will also enable the company to create status updates and log all actions taken from detection to resolution.”

Yann-Hervé Beulze, Head of Compliance and Risk Management says, “Professionalism and respect for client commitments are at the centre of the Oddo Asset Management ethos, and Capstone Sentinel will support our delivery of these values to our clients. We really appreciated the quality of LatentZero’s technology and the French implementation team that has worked with us on the project.”

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