GE Asset Management signs with LatentZero
05 February 2004 | 2159 views | 0
LatentZero, a leading provider of front-office systems for buy-side trade order management and compliance, today announced that GE Asset Management has licensed its Tesseract, Minerva and Sentinel products to support its fixed income portfolio management, trading and compliance functions respectively.
GE Asset Management, one of the largest institutional managers in the U.S., has chosen LatentZero's full product suite to support fixed income portfolio management, trading and compliance functions across its wide range of portfolios, including both domestic and international fixed income securities.
GE Asset Management plans to use LatentZero's solution to manage and support approximately $125 Billion in fixed income assets in both its insurance and total rate of return lines of business.
"We designed sophisticated and comprehensive front-office functionality that meets the demanding needs of large institutional managers like GE Asset Management," said Bill Elbery, head of North American sales and marketing, LatentZero. "The selection by GE Asset Management alongside other recent client signings in the U.S. confirms LatentZero's product suite as the industry's most powerful, front-office solution for trading and compliance. LatentZero's solution is unparalleled in comprehensive functionality, scalability and superior technology."
GE Asset Management selected LatentZero after an extensive review of the buy-side front-office technology marketplace.
"LatentZero offers a fixed income solution that provides the advanced functionality and technical architecture we need to bring our fixed income management operation to the next level" said Bob McCorkle, vice president, GE Asset Management.
"Further, LatentZero stood ahead of the pack as a flexible partner with a top-notch professional services staff and state-of-the-art messaging technology for high-speed performance across our global operations. This was absolutely critical in our decision-making process," continued McCorkle. "The implementation project is already underway and proceeding nicely."
GE Asset Management will use LatentZero's front office solution to support their full range of portfolios across trading operations in the United States and the United Kingdom.