Citco extends partnership with Solovis 29 October 2019New York Reporter: Jenna Lomax
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Citco has extended its partnership with Solovis, a multi-asset class portfolio management, analytics and reporting platform for asset owners and allocators.
The partnership spans business, technology and services and includes an equity investment in Solovis.
The partnership also gives Solovis access to Citco’s Æxeo platform which provides clients with accounting, treasury and wire management capabilities, alongside reporting and performance.
The investment in Solovis is part of Citco’s wider strategy of partnering with and investing in third-party financial technology companies that provide solutions to the firm’s current technology offering.
Josh Smith, co-founder and CEO of Solovis, said: “Citco’s investment in the company is a testament to the strength of our technology and will be valuable to us as we continue to grow Solovis and deliver on our vision of enabling a comprehensive solution ecosystem and being the go-to portfolio management platform for asset owners and allocators worldwide.”
Nick Eisenlau, head of Citco institutional services, commented: “Citco’s strategic business relationship with Solovis reflects a shared vision, providing multi-asset class, self-service reporting that will complement Citco’s core record-keeping and operations environment.”
He added: “Citco and Solovis have a rapidly expanding group of common clients that can now benefit from an improved operating model, service capacity and reporting capabilities.”
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