Arkéa Investment Services (Arkéa IS), the asset management and private banking arm of Crédit Mutuel Arkéa, has selected NeoXam Tracker 3 as a front-to-middle office portfolio management system for its affiliates Federal Finance Gestion and Schelcher Prince Gestion.
NeoXam Tracker 3 will bring together Arkéa IS’s activities on a single platform, simplifying harmonisation of its information and supporting the firm’s complete asset management process and ongoing growth. It will also help the firm deal better with regulatory issues and increase the quality of its services.
Arkéa is no stranger to NeoXam having worked with the vendor’s GP3 accounting solution for many years. Commenting on the addition of Tracker 3, Sébastien Barbe, head of the Arkéa IS management board, says: “We were seeking a solution that would provide us with a much more comprehensive, automated way of managing our portfolios. For us, NeoXam Tracker 3 fits the bill. Its functionality means we can follow trading positions through the whole process, from electronic order management to matching the portfolio with third parties’ administrators. We are confident the NeoXam Tracker 3 platform will help us attract more asset managers.”
News of the NeoXam deal with Arkéa IS is the company’s first public announcement since early May, when it detailed an acquisition agreement with Cathay Capital and French public investment bank Bpifrance, which will give the external investors a majority stake in NeoXam.
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