Fortis Investments went live on MX.3 from Murex for Portfolio Management of OTC Derivatives.
This first successful phase, co-led by Fortis Investments and Murex, was rolled out in under 6 months and includes valuation and full Middle and Back Office for derivatives, with processes adapted to asset managers. Next phases will increase the footprint of the Murex platform by expanding to further asset classes.
“We are very pleased with this record time implementation,” says Emmanuel des Boscs, head of OTC derivatives IT, Fortis Investments. “The Murex solution has enabled us to improve processing of our derivatives and reduce operational risks. Murex’s partnership approach and dedicated support has helped us achieve our goals of making our technology evolve to support our business needs, and to do this within budget and time schedule.
“We are proud to count Fortis Investments as a global Asset Management reference,” says Edouard Ballire, head of the Asset Management practice, Murex EMEA and Asia.
“The excellent collaboration of the Fortis Investments and Murex teams as well as use of our MXpressTM methodology for accelerated implementation has contributed to make this project a true success and an example for future buy-side implementations.”
L.D.