Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Ofi Invest Asset Management, part of Ofi Invest Group and France’s fifth-largest asset management group with more than €187 billion under management, has chosen Clearwater’s platform to power its investment accounting management, reporting, and services.
Distinctive in the French asset management market, Ofi Invest Asset Management offers its institutional and insurance clients the service of managing their investment accounting function across their entire portfolios. In this context, Ofi Invest Asset Management has chosen Clearwater Analytics to automate the aggregation, reconciliation, and validation of the firm’s investment data across all asset classes. The Clearwater platform will also give end users a daily view of portfolio data for accurate investment accounting and regulatory reporting purposes.
Hugues Bernard, Head of Technology and Transformation at Ofi Invest Asset Management, underscored the value of the collaboration, stating, “Many of our clients benefit from our investment accounting offering as an enhancement to their management mandate. We chose Clearwater because we wanted to offer our clients the most powerful software on the market that also provides the best user experience.”
“Clearwater is delighted to be supporting asset management leaders, including Ofi Invest Asset Management, with their investment accounting, reporting, and operational needs,” said Thomas van Cauwelaert, Region Head, France, Belgium and Luxembourg at Clearwater Analytics. “Our clients gain a consolidated view of their portfolio investments and direct access to a high-touch client team devoted to providing world-class support. With timely, accurate views of their investment data, our clients make smart capital allocation and portfolio decisions, effectively manage risk, and easily drive growth. Ofi Invest Asset Management joins the ranks of our growing French client base and further broadening the relevance and impact of our solution across Europe.”
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