Linedata selected by T. Rowe Price to implement comprehensive, automated NAV oversight solutions with Linedata Navquest

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PARIS, BOSTON, HONG KONG, LONDON, NEW YORK, October 24, 2017 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that Linedata has been selected by T. Rowe Price, a premier global investment manager, to deliver comprehensive oversight to enhance T. Rowe Price’s Net Asset Value (NAV) across its extensive range of investment offerings.

Growing complexity and regulatory change in today’s financial markets are increasing the need for asset managers to seek robust, automated solutions for oversight of externally generated NAVs. T. Rowe Price’s current oversight processes and expertise will be further enhanced by sophisticated automated controls that systematically highlight exceptions and are scalable as its business evolves.

Linedata Navquest offers oversight, validation, testing and contingency for the full range of middle office and fund accounting functions, developed from more than 70 customizable controls, using a client’s own rules. Linedata Navquest also has the ability to highlight the specific NAV component which may be responsible for a discrepancy, supporting remediation.

T. Rowe Price joins a growing community of leading investment managers that are enhancing their approach to fund oversight and transparency. Cathy Mathews, Treasurer of the T. Rowe Price Funds, said, “NAV Accuracy is of paramount importance. Selection of Linedata Navquest reflects our commitment to provide accurate NAVs to our customers by implementing an automated, scalable tool that will allow us to target risks and continuously refine our oversight processes.”

Arnaud Allmang, North America Head of Asset Management at Linedata, noted, “Linedata Navquest is in demand by leading mutual fund managers because its robust, scalable and highly configurable technology and tools for middle office and fund accounting oversight are designed to flexibly solve the challenges of NAV control that today’s complex investment firms must navigate.”

ABOUT LINEDATA

Linedata is a global solutions provider dedicated to the investment management and credit community, with close to 1250 employees in 20 offices across the globe. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and flexible mission-critical software and services that help its clients grow in over 50 countries. As a pioneer for over 15 years with the set-up of SaaS infrastructure for the financial industry, Linedata remains committed to this model throughout the global financial community and for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 166.8 million in 2016. This company is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.PA – Bloomberg LIN:FP.

Linedata was awarded “Best Technology Initiative” for Linedata Navquest at the Fund Intelligence Mutual Fund Service & Technology Awards 2017.

ABOUT T. ROWE PRICE

Founded in 1937, Baltimore, Maryland-based T. Rowe Price Group, Inc. (troweprice.com) is a global investment management organization with $927 billion in assets under management as of July 31, 2017. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. 

For more information, please contact:

 

Linedata
Holly Clifford
Tel: +1 617 912 4844
Holly.Clifford@na.linedata.com