Axioma, a provider of risk and portfolio management solutions, has inked a new agreement with Belgian investment manager, KBC Asset Management, helping expand the group’s market penetration in Europe.
KBC Asset Management presently has over €100 billion under management and accounts for upwards of 30 percent of Belgium’s fund market. The impetus behind its agreement with Axioma was its solution suite, which KBC integrate into its portfolio management and order management systems (OMS).
In particular, KBC will also deploy Axioma’s optimization, construction and risk estimation solutions across its equity portfolios. This initiative will occur in tandem with the implementation of Simcorp Dimension, KBC’s in-house portfolio management system.
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According to Nicolas Rossignol, Managing Director for Benelux and France at Axioma, in a statement on the agreement: “We are thrilled to be working with KBC and expanding our relationships with Europe’s asset management community.”
“As more active managers seek quantitative tools to improve their performance, firms such as KBC are increasingly turning to Axioma for the flexibility of our risk solution and our ability to provide a risk engine which integrates directly with both internal systems and processes. This flexibility further removes the need for asset managers to build and maintain a custom solution, therefore reducing operational costs.”
“We selected Axioma after a comprehensive vendor review as it offered the most suitable answer for our challenges and objectives. This will allow us to improve our investment processes, risk analysis and operational efficiency across all our quantitative equity strategies,” added Joris De Moor, Head of Quantitative Equity Fund Management at KBC Asset Management.