Axioma, a provider of risk solutions for buy-side institutions and analytics and information venue FactSet, have embarked on a strategic agreement with Mirova and Natixis, integrating Axioma’s risk management suite across Europe.
The partnership will link up with some of the biggest players in Europe, with Mirova representing the second-largest European manager of open-ended SRI funds and Natixis Asset Management also maintaining a role as one of the largest European-based asset managers.
As such, Axioma’s risk solutions will be implemented across Mirova’s SRI equity platform and Natixis Asset Management’s smart beta. Together, these modules represent over than $44.7 billion (€40.0 billion) in assets under management, marking a new opportunity for Axioma. The agreement is the latest accord for Axiom and FactSet, which have been working together since 2010. To date, their collaboration has been relegated to the US market, which upon the latest deal will see an expansion to Europe.
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According to Nicolas Rossignol, Managing Director of Axioma in Southern Europe in a recent statement on integration and agreement, “We are delighted to be selected by these two Natixis Global Asset Management affiliates to deliver an integrated risk solution in collaboration with FactSet. As asset managers look to replace their legacy risk systems, they are increasingly focused on fully customizable solutions, which integrate with various analytics and performance solutions.”
“If the main driver for the first generation of risk management tools was regulatory compliance, the second wave is being driven by the need to reduce costs and improve operational efficiency,” Mr. Rossignol explained.
“The combination of Axioma’s risk solutions and FactSet’s information and ratings delivers to Natixis Asset Management and Mirova a winning solution, and significantly streamlines the integration of our risk management, performance and analytics tools across a variety of equity strategies. In addition, it reduces costs and further enhances our focus on generating long-term returns for our clients,” reiterated Emmanuel Bourdeix, Co-CIO at Natixis Asset Management and Hervé Guez, Head of Responsible research at Mirova, said:
Earlier this month, Axioma appointed Mark Traudt as its Managing Director and Head of Product Engineering. His hire continued a string of recent appointments at the group as it looks to bolster its leadership team. His mandate saw him promote and develop Axioma’s full suite of products, in tandem with the group’s development of new capabilities.