Luxembourg-based asset servicing firm CACEIS has partnered with Europe’s larget asset manager Amundi, to create a front-to-back-office service, which will allow it to provide a more holistic offering than its larger competitors.

The new solution is designed for institutional investors and asset managers and brings together Amundi Services’ ALTO platform, which provides front office services and CACEIS’ middle office and back office services.

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Amundi Leading Technologies & Operations (ALTO) is Amundi’s portfolio management system, an integrated software package covering the order and execution components during the entire trade life cycle: portfolio analysis, pre- and post-trade compliance, risk, performance, transaction processing, position keeping, reporting and data management.

The new offer from Amundi Services and CACEIS provides a unique outsourcing solution, with broad market coverage across all the main asset classes in full compliance with all regulatory requirements.

It also offers optimised integration of market transactions across the entire value chain from front to back office and reduced operational costs thanks to the fully integrated architecture of the solution.

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“Execution-to-Custody”

“Combining CACEIS’ and Amundi Services’ expertise enables us to extend the scope of our “Execution-to-Custody” model to include processing of front office operations. The new outsourcing solution guarantees rigorous operational management across the entire value chain and will contribute to achieving our client’s efficiency objectives,” Joe Saliba, Deputy CEO of CACEIS, says.

Joseph El Gharib, Director of Amundi Services adds: “We are delighted to be able to integrate Amundi’s ALTO* platform with CACEIS’ offer. Institutional investors and asset managers can now benefit from this turnkey offer covering the transaction lifecycle, combining solidity and flexibility,” Joseph El Gharib, Director of Amundi Services, adds.

Market sources say: “This appears to be a new competitor in the OMS (order management system) world to challenge the leading platforms like BlackRock’s Aladdin, Charles River (CRD), etc.”