RMB Asset management, a division of one of South Africa's largest JSE-listed financial services groups, FirstRand, has successfully implemented LatentZero Capstone to manage its assets of more than ZAR200bn (₤15bn).
Capstone is LatentZero's front-office suite for buy-side institutions and its implementation was led by LatentZero's South African partner, Peresys.
RMB Asset Management chose the Capstone suite for their multi-asset class investments, including its equities, fixed income and derivatives businesses. Capstone Minerva, a next generation OMS and trading system, enables RMB Asset Management to manage workflows, receive market data feeds and place orders with counterparties, all in real time. Capstone Tesseract, LatentZero's modelling and decision support tool, allows asset managers to optimise the performance of their portfolios and maximise returns. Capstone Sentinel will assist RMB Asset Management to manage compliance against its pre-trade embargo lists. Once fully implemented, Sentinel will integrate into the firm's proprietary systems, ensuring compliance across all pre- and post-trade activities.
Nick Harrall, Director of Professional Services at LatentZero noted, "This implementation is a real win for us. RMB Asset Management is the first asset management company in South Africa to deploy a next generation front-office system, and by choosing Capstone they have a proven solution."
Stephen Jones, Head of IT at RMB Asset Management commented, "The Capstone product suite provides significant additional strategic and tactical investment management process capabilities to RMB Asset Management front and middle-office staff. The streamlined trading cycle improves RMB Asset Management's tactical trading process with the additional benefits of reduced risks. RMB Asset Management is committed to implementing solutions that will further enhance the service offering we provide to our clients. With the additional deployed functionality, we can consider further innovative solutions that allow us to excel in our industry segment. While trading product suites are typically complex, LatentZero provides an architecturally coherent solution that simplifies support."
Stuart Campbell, South African Head of Sales at Peresys explained, "The speed and success of the implementation at RMB Asset Management validates Peresys' choice of LatentZero as our partner in the provision of front office solutions to our buy-side customers in South Africa. LatentZero Capstone will bring comprehensive and extensible functionality to these clients as it is open and easily accessible from other in-house and external applications. The salient features of the Capstone implementation have been its flexibility within time constraints, and its seamless integration into South Africa's leading back office systems. Further assisting users of the system to achieve maximum efficiency and best execution, is the integration between Capstone and Peresys' FIX enabled Business Process Network (BPN), which offers connectivity to trading counterparties globally.
"South African fund managers have been watching this project with interest, and we believe many of them will follow suit over the next two years in rolling out new generation order management, modelling and compliance solutions like Capstone."