ICBC Asset Management (Global) Selects Linedata for Cross-Platform Investment Solutions
Dynamic, growing fund manager scales and streamlines Asia operations
Paris, Hong Kong, Boston, New York and London, September 13, 2018 – Linedata (Euronext Paris: LIN), a global provider of credit and asset management technology, data and services, announced today that Hong-Kong-based ICBC Asset Management (Global) (ICBC AMG) will implement a range of asset management software solutions to power its growing global fund business.
Linedata’s multi-asset portfolio management solution, combining Linedata Global Hedge and Linedata Mshare, is a core offering of its modular asset management platform focused on scalability, ease of use and operational efficiency. It delivers a range of advances in automation, broad data-capture capabilities, and an intuitive user interface. ICBC AMG is replacing internal systems and adopting Linedata’s solutions and robust reporting to manage custodian interfaces, as well as increased client asset and trade flow across multiple fund types.
ICBC AMG is implementing enhanced portfolio management capabilities to fuel plans to expand its fund line-up throughout 2018, including equity, fixed income, money markets, derivatives, and private equity offerings.
“We chose Linedata because its leading portfolio management tools, connectivity with multiple third parties, and support for streamlined workflows will allow us to scale our operations while reducing risk, benefiting both ICBC AMG and our clients,” noted Tian Lin, Managing Director and COO, ICBC Asset Management (Global). “Our partnership with Linedata provides our team with a customizable, high performance platform that will give us the power and flexibility to meet our clients’ growing needs.”
“We are thrilled to partner with ICBC AMG,” said Sally Crane, Managing Director at Linedata Asia. “Our dedicated team at Linedata collaborated closely with the ICBC team to deeply understand their business and operational roadmap and ensure that they are well positioned for growth and continued success.”
ABOUT ICBC ASSET MANAGEMENT (GLOBAL)
ICBC Asset Management (Global) Company Limited [“ICBC Asset Management (Global)”] is a wholly owned subsidiary of Industrial and Commercial Bank of China (Asia) Limited. The company is licensed under the Securities and Futures Ordinance to carry out Type 4 (Advising on Securities), Type 5 (Advising on Futures Contracts) and Type 9 (Asset Management) regulated activities in Hong Kong.
As the overseas investment management arm of the ICBC Group, ICBC Asset Management (Global) manages SFC-authorised funds, private funds, and provide tailor-made segregated mandates for individual and or institutional clients, with investment assets covering but not limited to global equities, global bonds, dim sum bonds as well as private equity projects. In addition, ICBC Asset Management (Global) has been approved by the China Securities Regulatory Commission (CSRC) with the Qualified Foreign Institutional Investor (QFII) and Renminbi Qualified Foreign Institutional Investor (RQFII) status, it offers the foreign investors outside China to access the China onshore capital market for investments through this convenient channel.
With 20 years’ experience and 700+ clients in 50 countries, Linedata’s 1300 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels.
Headquartered in France, Linedata achieved revenues of EUR 179.0 million in 2017 and is listed on Euronext Paris compartment B FR0004156297-LIN – Reuters LDSV.PA – Bloomberg LIN:FP.