Garantum chooses Sophis Value for portfolio and risk management
Sophis, a leading provider of cross-asset, front-to-back portfolio and risk management solutions today announced that it has won a contract to provide Garantum with a portfolio and risk management infrastructure based on Sophis VALUE (VALUE). Implementation of the software started in October 2009 and the platform will support 30 users.
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Garantum Fondkommision AB is an independent structured products boutique headquartered in Stockholm. Established in 2005, it has grown to become one of the leading and largest players for structured products in the Nordic market with close to 700 issues and a valuation in the underlying markets of approximately € 4 billion. It chose Sophis VALUE following an extensive search of the Swedish and international software market.
Edgar Luczak, Deputy CEO, explained: "We spent a long time looking at all of the alternative software platforms in our local market, as well as globally. We chose Sophis VALUE because of its functionality and the value that it will allow us to add to our clients, both now and in the future. Sophis was extremely flexible and we worked closely with its R&D team in order to build the innovative functionality that we need from our software platform."
Sebastien Roussotte, COO, Sophis UK & Middle East said: "We are delighted that Garantum has chosen Sophis VALUE to support and build its business. The Scandinavian marketplace is at an interesting stage in its development and there is a growing reliance on managing alternative funds and risk management. We have built VALUE from the ground up to support the needs of buy-side institutions, while incorporating the sophisticated risk management functionality developed for the sell-side. This makes it an ideal platform for organisations like Garantum."