Belgium’s largest investment manager to implement Axioma’s risk management engine and portfolio optimizer
Axioma, a leading provider of enterprise market risk and portfolio management solutions, has entered into an agreement with KBC Asset Management (KBC), to provide Belgium’s largest investment manager with a risk management and portfolio optimization solution.
KBC, which has over €100 billion under management and accounts for over 30 percent of Belgium’s fund market, selected Axioma for the flexibility of its solution and the ability to fully and seamlessly integrate it into the firm’s portfolio management and order management systems.
Commenting on the win, Nicolas Rossignol, Managing Director for Benelux and France at Axioma, said: “We are thrilled to be working with KBC and expanding our relationships with Europe’s asset management community. As more active managers seek quantitative tools to improve their performance, firms such as KBC are increasingly turning to Axioma for the flexibility of our risk solution and our ability to provide a risk engine which integrates directly with both internal systems and processes. This flexibility further removes the need for asset managers to build and maintain a custom solution, therefore reducing operational costs.”
Joris De Moor, Head of Quantitative Equity Fund Management at KBC Asset Management, said: “Simplicity and flexibility supported by a robust risk solution are key to managing risk across our funds. We selected Axioma after a comprehensive vendor review as it offered the most suitable answer for our challenges and objectives. This will allow us to improve our investment processes, risk analysis and operational efficiency across all our quantitative equity strategies. Axioma’s data and risk model quality, state of the art portfolio optimization features, effective service model and reporting functionalities also drove our decision.”
KBC will use Axioma’s optimization, construction and risk estimation solutions for its equity portfolios. The roll-out will occur in parallel to the implementation of Simcorp Dimension, KBC’s portfolio management system, which is currently underway.
Axioma is a leading provider of enterprise risk management, portfolio construction, and risk and regulatory reporting solutions that offer incomparable insights into the constantly evolving state of risk. Financial institutions worldwide rely on Axioma’s sophisticated suite of tools and flexible open platform technology to unify the view of risk across front, middle and back office functions, helping to drive efficiency and bring transparency to performance. Axioma has received numerous accolades for its innovative technology, which serves as the centerpiece of its clients’ risk management strategy. In 2016, its enterprise risk management solution, Axioma Risk, was named Best Buy-Side Risk/Portfolio Analytics Product at the Buy-Side Technology Awards and the Best Innovative Solution at the L’Agefi AMtech Day Awards. Axioma was also included on the Chartis RiskTech100® 2017, a ranking of the world’s most significant risk and compliance technology companies. Axioma is headquartered in New York, with offices throughout Europe and Asia-Pacific. The Axioma logos and product brands are trademarks/service marks of Axioma, Inc.