ADi Alternative Investments has selected Sterci France’s Stematch for reconciliation and exception management.
Stematch will be used for Nostro account reconciliation for securities & cash positions, securities transactions linked to OTC and derivative products, investigation process, and cash management.
“ADI is trading on behalf of forty investment funds more than 200 000 transactions per year among which 40% are OTC. Stematch solution has been short listed during a request for proposal, issued this autumn, as the most appropriate to our needs. The final decision has been taken after a validation phase through a Proof Of Concept where the product has demonstrated its capacity to answer our complex requirements,” says Christophe Lepitre, executive director, ADI Alternative Investments.
“ADi, in the Top 4 of French hedge funds, is managing complex financial products and linked with multiple counterparties using various data standards. We are proud that our Stematch product has been selected by ADi, we believe that our embedded Steform EAI EasyConnect was a key factor in this context for mapping and transformation of custodian data,” adds Philippe Modai, country manager, Sterci.