Asset management firm Amundi and asset servicing firm CACEIS are launching a new service for institutional investors and asset managers, that brings together Amundi Services’ front office ALTO platform, and CACEIS’ middle office and back office services.
The new offering provides institutional investors and asset managers with an outsourcing solution that touts market coverage across all the main asset classes in full compliance with regulatory requirements, optimised integration of market transactions across the value chain from front to back office, as well as reduced operational costs.
Joe Saliba, deputy CEO of CACEIS, says: “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 means rigorous operational management across the entire value chain and will contribute to achieving our clients’ efficiency objectives.”
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 offering across the transaction lifecycle, combining solidity and flexibility.”
Amundi is a leading European asset manager, while CACEIS is the asset servicing banking group of Crédit Agricole and Santander dedicated to asset managers, insurance companies, pension funds, banks, brokers and corporate clients.