Calypso Technology Inc., a leading provider of software for investment firms, announced its award-winning collateral management solution is now live in production at Alberta Investment Corporation (AIMCo), one of Canada's largest and most diversified institutional investment managers.
AIMCo, who is active in both exchange-traded and OTC derivatives markets, recognized that the sophistication of their collateral management operation had outgrown the capabilities of their previous system. The new Calypso solution provides the organization an enterprise platform that will also support increasing regulatory demands.
“This project is both strategically and operationally significant for us,” said Michael Baker, Senior Vice President, Investment Operations of AIMCo. “Replacing our manual collateral management system with a centralized, automated solution has already brought substantial benefits. We have greater control over our inventory, we can optimize our collateral, and going forward we will be able to comply with the new BCBS IOSCO initial margin regulations.”
Before beginning the collateral project, AIMCo, who was already a client of Calypso, upgraded to the latest version of the platform. Leveraging Calypso’s Upgrade Service allowed them to stay focused on their operations. The Upgrade Service replicates the client’s production environment on a remote, secure server that Calypso Professional Services uses to execute upgrade tasks and pre-test the functionality.
“We are delighted to partner with a visionary firm like AIMCo,” said Calypso CEO Pascal Xatart. “They understand that their long-term success depends on an integrated, real-time infrastructure that can evolve with their business, and we appreciate that they have entrusted us with such a strategically important initiative.”