Calypso Technology Inc., a leading provider of software solutions for the financial markets, announced today that Invest AD, Abu Dhabi Investment Company, has selected the Calypso Integrated Front-to-Back solution to support its Treasury and Asset Management businesses.
By implementing Calypso, Invest AD will be replacing the existing investment solution, a legacy back office solution and several other in-house developed applications. “With Calypso, we have an end-to-end solution that can streamline our investment process, improve our STP and benefit from a unique functional coverage to facilitate the growth of our treasury and asset management business on one platform,” asserts Ms. Fatema Jumaa Al Junaibi, Acting Head of Operations. “Following an extensive selection process, Calypso stood out as the most comprehensive solution for our needs. In addition, Calypso is a robust platform that we can leverage for more functionality in the future.”
“We are delighted to be working with such a well-respected company in the Middle East and to help deliver operational efficiency, improve investment performance and reduce the total cost of ownership,” states Edmond Tehini, Managing Director, Middle East.