– Ofi Invest Asset Management selects Clearwater Analytics to power its investment accounting operations
Best-of-breed SaaS solution from Clearwater simplifies investment accounting management for leading French asset manager
BOISE, Idaho and PARIS, Oct. 18, 2023/PRNewswire/ — Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting and analytics solutions, today announced that Ofi Invest Asset Management , part of Ofi Invest Group and France’s fifth-largest asset management group with more than €187 billion under management, has chosen Clearwater’s platform to power its investment accounting services, reporting and management.
Ofi Invest Asset Management, distinguished in the French asset management market, offers its institutional and insurance clients the service of managing their investment accounting function across all their portfolios. In this context, Ofi Invest Asset Management has chosen Clearwater Analytics to automate the aggregation, reconciliation and validation of the company’s investment data across all asset classes. The Clearwater platform will also provide end users with a daily view of portfolio data for accurate investment accounting and regulatory reporting purposes.
Hugues Bernard, Chief Technology and Transformation Officer at Ofi Invest Asset Management, underlined the value of the collaboration, noting: “Many of our clients benefit from our investment accounting offering as an enhancement to their management mandate. We chose Clearwater because we wanted to offer our clients the most powerful software on the market that also provides the best user experience.”
“At Clearwater we are delighted to support asset management leaders, including Ofi Invest Asset Management, with their operational, investment accounting and reporting needs,” said Thomas van Cauwelaert, Regional Director for France, Belgium and Luxembourg at Clearwater Analytics “Our clients gain a consolidated view of their portfolio investments and direct access to a high-touch client team dedicated to providing world-class support. With timely and accurate views of their investment data, our clients make smart capital and portfolio allocation decisions, effectively manage risk, and easily drive growth. Ofi Invest Asset Management joins our growing French client base and further expands the relevance and impact of our solution across Europe.”
If you would like to learn more about Clearwater Analytics, speak to an expert today.
About Ofi Invest Asset Management
Investing in companies that create sustainable value for everyone is a way to give the future a new dimension. Ofi Invest Asset Management is a company of Ofi Invest Group, which in turn is a member of Aéma Group (Macif, Abeille Assurances and AÉSIO mutuelle).
Total consolidated assets managed under the new Ofi Invest Asset Management brand amounted to €163.5 billion at the end of June 2023: assets managed on behalf of institutional, professional and individual clients, both French and international.
Through its deep convictions as a responsible and committed investor, Ofi Invest Asset Management offers a wide range of responsible investment strategies across all listed asset classes, allowing its clients to use their investments to finance the development of a virtuous economy that is a source of opportunity and performance.
By bringing together the capabilities of the asset management companies of the Ofi Invest group (the fifth largest French asset manager (1), Ofi Invest Asset Management offers access to a wide range of investment solutions in listed and unlisted assets, a wide experience in asset management and services adapted to different types of investors, all of which makes this new player a first-class option in the management of your wealth. Visit: www.ofi-invest-am.com
(1) Source: Financial communications from the affected entities, as of December 31, 2022
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading SaaS solution, automates the entire investment lifecycle. With a single-instance and multi-tenant architecture, Clearwater offers investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk and order management. Every day, leading insurers, asset managers, corporations and governments use Clearwater’s trusted data to drive efficient and scalable investments in more than $6.4 trillion in assets spanning traditional and alternative asset types. Additional information about Clearwater can be found at clearwateranalytics.com.
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