Institutional Investor’s 2016 Tech 50 list of “the top financial technologists” who “leverage cloud innovations and agile software techniques to accomplish more, on a larger scale, than ever before” ranked Axioma CEO Sebastian Ceria 35th on this year’s list, up from 43 in 2015 and 47 in 2014.
“Axioma muscled its way into the risk-and-analytics niche – a stronghold of BlackRock Solutions, IBM Analytics (formerly Algorithmics) and MSCI – by aggressively developing and deploying cloud technology with partner Microsoft Corp.,” reported Institutional Investor.
“There is only so much financial or performance information that a privately held company like Axioma will disclose, but the momentum it is building as a global supplier of portfolio optimization and risk management software is transparent enough,” observed Institutional Investor.
Within the last year, Axioma nearly doubled its headcount to 200, opened new offices in Frankfurt, Paris, Tokyo and Melbourne, and acquired the risk and regulatory reporting firm ConceptONE, enabling the extension of its multi-asset class risk solutions to the back office to meet growing demand for greater transparency in risk reporting.
“The proliferation of multi-asset class investing in an increasingly demanding regulatory and reporting environment requires new approaches to risk management,” said Ceria. “Five years ago we set out to develop from scratch a new risk management system with cloud-based technology to scale, to be flexible, and to have the power to meet the enormous demands of a multi-asset class risk environment. That unique solution, Axioma Risk, is now rapidly gaining traction in the marketplace, as evidenced by recent implementations, including BNY Mellon’s HedgeMark and Skandinaviska Enskilda Banken (SEB).”
Among recently surveyed firms with a total of $30.6 trillion under management, one third of those firms had launched a multi-asset class investment product in the last year, and more than 66 percent had done so in the last five years. Multi-asset investment solutions are forecast to increase by nearly 33 percent from $2.8 trillion in assets under management in 2015 to $3.7 trillion by 2020.
According to Institutional Investor, “The Tech 50 ranking was compiled by Institutional Investor editors and staff, with nominations and input from industry participants and experts. Four primary sets of attributes were evaluated: achievements and contributions over the course of a career; scope and complexity of responsibilities; influence and leadership inside and outside the organization; and pure technological innovation.”