Axioma, a leading provider of enterprise market risk and portfolio management solutions, and FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service, have entered into an agreement with Mirova, the second-largest European manager of open-ended SRI funds and Natixis Asset Management, a leading Europe-based asset manager.
These two leading asset managers are Natixis Global Asset Management affiliates, itself one of the largest asset managers in the world with more than US$ 877.1 billion under management.
Axioma’s risk solutions will be implemented on Mirova’s SRI equity expertise and Natixis Asset Management’s smart beta, European equities and emerging market equities portfolios, representing over than € 40 billion in assets under management.
Commenting on the win, Nicolas Rossignol, MD Axioma for Southern Europe said: “We are delighted to be selected by these two Natixis Global Asset Management affiliates to deliver an integrated risk solution in collaboration with FactSet. As asset managers look to replace their legacy risk systems, they are increasingly focused on fully customizable solutions, which integrate with various analytics and performance solutions.” Rossignol continued, “If the main driver for the first generation of risk management tools was regulatory compliance, the second wave is being driven by the need to reduce costs and improve operational efficiency.”
Alexandra You-Cappello, Vice President Sales, FactSet, explained: “In a complex and continuously evolving regulatory environment, clients need a fully integrated enterprise risk solution that is rich in content and analytics. Together, FactSet and Axioma offer Natixis a comprehensive, flexible solution across its workflows."
Emmanuel Bourdeix, Co-CIO at Natixis Asset Management and Hervé Guez, Head of Responsible research at Mirova, said: “The combination of Axioma’s risk solutions and FactSet’s information and ratings delivers to Natixis Asset Management and Mirova a winning solution, and significantly streamlines the integration of our risk management, performance and analytics tools across a variety of equity strategies. In addition, it reduces costs and further enhances our focus on generating long-term returns for our clients.”
Since 2010, Axioma and FactSet have collaborated in the US, and have since expanded their partnership to Europe.