ABN AMRO Asset Management, which has €166 billion of assets under management, has decided to extend its use of order management and pre- and post-trade compliance applications from London-based systems vendor Latent Zero throughout the world. AAAM has been using Sentinel (Latent Zero’s pre-and post-trade compliance application) and Minerva (its order management and trading system) across Europe since early 2002. AAAM now plans a world-wide roll out of the software.
As part of the Minerva implementation, Latent Zero formed a development partnership with AAAM which introduced Fixed Income, Foreign Exchange and Money Market trading functionality into the product. These enhancements, which were designed to benefit all Latent Zero users, have now been incorporated into Minerva.
In addition to Sentinel and Minerva, AAAM has just signed an order for the third element of Capstone – Tesseract, a tool for decision support and order management.
“We have been working with Latent Zero for over three years and have been impressed with their technology and people,” says Wayne Dove, Global Head of IT for AAAM. “So they were the obvious choice to help us run the front-office on a global basis.”
“The product set is already being used successfully by a number of large asset managers who are facing similar challenges to ourselves, it easily integrates with other parts of our infrastructure, and, in addition, Latent Zero’s people have a great deal of experience in handling complex global implementations,” adds Bert Schouws, Global CFO for AAAM.
“We already have a large proportion of the world’s biggest asset managers on our client list and are delighted that AAAM has also chosen to use Latent Zero’s technology across its global operations,” says Paul Charie, Sales Director of LatentZero. “Our software enables international asset management companies to drive up the quality of service they provide their clients, and at the same time, satisfy the regulators that they have watertight processes and fully integrated systems across all key functions.”