NeoXam, a leading international software company which provides complete coverage of the financial value chain, announced today that the Primonial group, the leading independent wealth management group in France, has selected NeoXam Density, after a bidding process, as its new portfolio management solution for its multi-boutique Primonial Investment Managers. This multi-boutique currently houses three investment companies: AltaRocca Asset Management; Roche-Brune Asset Management; and Stamina Asset Management (formerly Primonial Asset Management).
In order to support its growth and development, Primonial sought a Front to Middle-Office solution that would be agile, scalable and open. NeoXam put forward NeoXam Density in response to Primonial’s requirements. The selection process enabled Primonial to select NeoXam Density as the best solution for covering its high expectations. NeoXam Density’s ability to cover Front Office, Middle Office, Compliance and Control functions won the approval of Primonial.
Thomas Rachlin, Operations Director, Primonial, commented: “NeoXam Density will allow us to optimize our management processes and facilitate middle-office operations, such as user control, compliance, risk and reporting. NeoXam will deploy NeoXam Density across our three investment companies: Roche-Brune Asset Management, which specializes in European and international equity management; AltaRocca Asset Management, which focuses on convertible bonds and return strategies; and Stamina Asset Management, which specializes in flexible fund management”.
Serge Delpla, CEO, NeoXam, added: “We are delighted that the Primonial group has selected NeoXam Density for its strategic project. This new major reference clearly demonstrates the relevance of our Front to Middle-Office offer, which has specifically been created to cater for middle-sized portfolio management companies i.e. fund and wealth managers or insurance companies with up to EUR 50 billion of assets under management”.