Rasmala to install Profile’s IMSplus

Source: Profile Software

Profile Software, a leading financial solution provider, announced today the strategic selection of IMSplus, the award-winning investment management platform by Rasmala, a London-headquartered independent investment manager.

The use of IMSplus will provide Rasmala with the operational efficiency, flexibility and competitive approach across their investment management transactions throughout their operations.

With principal offices in the UK, UAE, Egypt, and Oman, Rasmala is led by a management team that combines global experience and a strong local track record providing a wide range of investment management solutions to pension funds, family groups, corporations and government institutions. Rasmala is publicly quoted in the UK, authorised and regulated by the UK Financial Conduct Authority. Rasmala operates regulated subsidiaries in the UAE, Oman and Egypt.

Following a thorough international vendor assessment among top Asset and Fund Management software vendors, Rasmala selected IMSplus to upgrade their asset management services following a company-wide makeover aiming to provide a wider choice of products to their clients as well as enhancing their client’s experience. The implementation of IMSplus provides the group with the flexibility and modular approach to allow for transparent and competitive offering to their clients along with quicker time-to-market of new products.

Eric Swats, Head of Asset Management at Rasmala commented: “The upgrade of our asset management system will help us to effectively manage our asset and fund management operations incorporating trade order management, KYC and compliance tools, and reduce data and market risk. Thus, it will help us respond efficiently to our clients’ needs & requirements.”

Rasmala is yet another financial services organisation in the Middle East and Europe that selected Profile Software’s solutions to meet current and future market expectations and enhance their services provided from the utilisation of a robust and flexible investment management platform that deploys modern technologies. Profile is investing in its regional presence in the Middle East with new members at its local office as well as new offices to further and promptly support its customer requirements.

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