"We are pleased that a company such as Northwestern Mutual has selected Calypso to manage its OTC derivative activities," says Charles Marston, CEO of Calypso. "We are committed to supporting insurance companies and other traditional buy-side institutions with our integrated product suite."
Calypso's strength is in providing clients an open architecture, a dedication to product development, and a commitment to delivering a system that can be deployed in stages allowing users to access the system sooner in a limited capacity. Calypso offered Northwestern Mutual the ability to Fast-Track product implementation methodologies and training, which demonstrated its commitment to the implementation process.
"Customer service was a major factor in our selection of Calypso," says Don Forecki, Director - Investment Operations for Northwestern Mutual.
"Calypso's responsiveness thus far has been excellent and we look forward to continued strong support throughout the implementation process as well as once we go into production."