co-comply, the compliance and governance software supplier to the institutional and hedge fund industries, announces that it has signed three new contracts in the hedge fund, wealth and institutional asset management markets.
Esemplia Emerging Markets, the active emerging markets equity asset manager, has agreed an initial three-year license for all modules of co-comply – the company’s first sale on a hosted basis. Meanwhile, a large institutional and retail wealth manager has opted to purchase specific modules of co-comply to complement its existing platform. This provides the client with the ability to adapt, integrate and internally support the modules purchased. Finally, hedge fund consultancy HedgeStart has signed an initial two-year deal that enables the tax and compliance specialist to offer co-comply to its start-up and boutique asset manager clients as part of an overall consultancy package.
These new contracts follow the successful Spring deployment of co-comply at TT International, a long-only and hedge fund manager with $13.5bn in assets under management, in a three-year on-premise license deal.
Commenting on the contract wins Chris Kaye, Chief Executive, said: “Regulators and investors are demanding a completely new approach to compliance issues, in fact a whole new culture. Compliance is now a major element of operational due diligence. co-comply utilises technology to ensure this is achieved in a cost effective manner. It is the only platform that brings the end-to-end operational compliance processes together in one holistic environment. It also improves the utilisation of current compliance resources and can prevent the need for additional resource as the asset manager grows.”