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CFG Gestion taps Sophis Value

19 November 2012  |  1308 views  |  0 Source: Misys

CFG Gestion, the subsidiary of CFG Group in charge of asset management, is increasing the range and level of services it provides using the Sophis Value solution from Misys.

Based in Casablanca, CFG Group is an independent investment bank. It began providing financial services to retail clients 10 years ago through its Dar Tawfir brand and today offers a full spectrum of investment banking services, spanning corporate financing, capital market transactions, asset management, portfolio management and venture capital. CFG Group is now seeking to modernise its IT systems and offer more added-value services to its retail clients.

CFG Group has always been a technology focused organisation, using the most sophisticated IT systems to maintain its competitive position in terms of performance and service and was the first financial institution in Morocco to use an electronic trading platform. Sophis VALUE will help CFG Gestion achieve new standards in pre- and post-trade compliance, pricing of all products, investment accounting, order management and NAV calculation. Additionally, it will help CFG Gestion to comply with local requirements when entering new markets.

"Misys demonstrated that its software would be able to support our goals now and in the future," said Younes Benjelloun, CEO at CFG Gestion. "Its strength in handling the complete trading life cycle within an integrated platform, combined with the capabilities it has across compliance and regulation, strongly indicated that Misys is the ideal software partner to support our future ambitions."

"CFG Gestion has consistently used the latest technology to help it outperform the market and we are very pleased that it sees Misys as the right partner to help in the next stage of its evolution" said Younes Guemouri, COO of Misys Sophis Europe and North Africa. "The latest version of Sophis VALUE is able to handle a wide range of asset classes and cope with local market standards. It will therefore be an excellent choice for CFG Gestion."

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