Galilée AM to Standardize on Clearwater Analytics to Support Rapid Growth and Investment Operational Excellence

Rhea-AI Summary

Clearwater Analytics (NYSE: CWAN) announced that Galilée Asset Management (AM) will implement Clearwater JUMP to consolidate fund and wealth activities. This move supports Galilée AM's rapid growth and recent acquisitions. Based in France, Galilée AM specializes in equity and fixed income investment management. Clearwater JUMP provides end-to-end asset management, enhancing efficiency, reducing costs, and streamlining operations for Galilée AM. The platform will offer a cohesive view across all entities, improving reporting and middle-office activities. The partnership aims to drive sustainable growth and operational excellence.

Positive

• Galilée AM's adoption of Clearwater JUMP aims to streamline operations, enhancing efficiency and reducing costs.
• Clearwater JUMP provides a cohesive platform across all acquired entities, improving group-level reporting.
• Quick implementation and scalability of the platform support Galilée AM's rapid growth.
• The partnership exemplifies Clearwater's commitment to providing innovative, scalable solutions for asset managers.

Negative

• Historically, Galilée AM used multiple in-house solutions with many manual processes, indicating potential initial integration challenges.
• The need for a technological upgrade suggests previous operational inefficiencies at Galilée AM.

Financial Analyst

The strategic decision by Galilée AM to implement Clearwater JUMP signifies a major shift in their operational framework. By consolidating their investment management activities on a single platform, Galilée AM aims to reduce administrative overhead and operational inefficiencies. This integration can potentially lower costs associated with maintaining multiple in-house solutions. Moreover, the platform's scalability ensures that as Galilée AM continues to grow and acquire more firms, it can seamlessly integrate these new entities into its system.

In the short term, investors might observe an increase in expenditures related to implementation and training. However, long-term benefits include more accurate group-level reporting, streamlined middle-office activities and optimized trading processes. For retail investors, this could mean enhanced profitability and robust financial health of Galilée AM, translating into potential stock price appreciation and stable dividends.

Tech Expert

The deployment of Clearwater JUMP by Galilée AM marks a significant technological upgrade. By automating the investment lifecycle, Galilée AM can significantly improve data integration and analytics capabilities. This move towards a unified SaaS-based solution reduces the reliance on manual processes, decreasing the room for human error and enhancing data accuracy.

Clearwater JUMP's architecture, which includes a single instance, multi-tenant design, offers robust scalability and flexibility. This means that as Galilée AM expands, the platform can easily handle increased data volumes and user demands without a significant impact on performance. This technology-driven approach provides Galilée AM with a competitive edge, ensuring they remain agile and responsive to market changes.

Market Research Analyst

From a market perspective, Galilée AM's adoption of Clearwater JUMP is indicative of a broader trend within the asset management industry towards streamlined operations and enhanced data management. The ability to centralize operations on a single platform not only improves efficiency but also enhances transparency and reporting accuracy.

This move aligns with the increasing demand from investors for real-time data and sophisticated analytics. For retail investors, the enhanced capabilities in reporting and compliance can provide more confidence in Galilée AM's operational integrity and strategic direction. Additionally, the reduction in operational costs could potentially lead to better financial performance, benefiting investors in the long run.

Streamlines Fund and Wealth Management Activities Across the Entire Investment Lifecycle with Clearwater JUMP

BOISE, Idaho and PARIS, June 18, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading worldwide provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Galilée Asset Management (AM) will implement Clearwater JUMP to consolidate fund and wealth activities across its investment lifecycle. The platform's deployment comes as Galilée AM seeks to support its rapid growth and consolidate its activities after acquiring several investment management companies.

Galilée AM specializes in fund and wealth management, primarily in equity and fixed income. The France-based company chose Clearwater JUMP for its end-to-end asset management platform that provides complete functional coverage for front, middle, and back-office investment operations. With Clearwater, Galilée AM aims to connect seamlessly with all its counterparties, leverage critical market data, and optimize trading processes.

"In Clearwater, we have found a long-term partner allowing us to centralize our multi-entity and multi-activity business on a single platform," said Roni Michaly, CEO of Galilée AM. "Clearwater is a technological upgrade and a strategic move to consolidate our operations, drive efficiencies, and foster sustainable growth."

In each of its entities Galilée AM has historically utilized multiple in-house solutions involving many manual processes for order consolidation. Clearwater's JUMP suite of products will solve these inefficiencies and reduce costs with the Clearwater platform bringing data together for Galilée AM's teams and giving users a consolidated view across the business. Galilée AM cited a world-class user experience, platform scalability, and quick implementation as reasons to implement Clearwater. Expected benefits for Galilée AM include a cohesive platform for all acquired entities, accurate group-level reporting, and streamlined middle-office activities to increase efficiency.

"Our partnership with Galilée AM exemplifies our commitment to delivering innovative, scalable solutions that meet the complex needs of today's asset managers," said Emmanuel Fougeras, President of Clearwater's JUMP suite of products. "By choosing Clearwater JUMP, Galilée AM has embraced technological advancement and positioned itself for sustainable growth and operational excellence. We look forward to supporting their vision and continued expansion."

To learn more about Clearwater Analytics, speak to an expert today.

About Galilée AM

Founded in 2000 and based in Strasbourg and Paris, Galilee AM offers multi-thematic expertise in fund and securities selection through its investment solutions for individual, professional and institutional clients. Its entrepreneurial structure and its capital independence from any banking or insurance network is the guarantee of great freedom in investment decisions. Galilee AM is a signatory to the PRI (UN Principles for Responsible Investment). For more information about Galilee Asset Management: www.galilee-am.com.

About Clearwater Analytics

Clearwater Analytics (NYSE: CWAN), a global, industry-leading SaaS solution, automates the entire investment lifecycle. With a single instance, multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Each day, leading insurers, asset managers, corporations, and governments use Clearwater's trusted data to drive efficient, scalable investing on more than $7.3 trillion in assets spanning traditional and alternative asset types. Additional information about Clearwater can be found at clearwateranalytics.com.

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SOURCE Clearwater Analytics

FAQ

What is the significance of Galilée AM implementing Clearwater JUMP?

Implementing Clearwater JUMP aims to consolidate Galilée AM's fund and wealth management activities, enhancing efficiency and supporting rapid growth.

How will Clearwater JUMP benefit Galilée AM's operations?

Clearwater JUMP will offer a cohesive platform, improve group-level reporting, streamline middle-office activities, and reduce operational costs.

When was the Clearwater JUMP implementation for Galilée AM announced?

The implementation was announced on June 18, 2024.

What are the key features of Clearwater JUMP highlighted in the PR?

Key features include end-to-end asset management, critical market data integration, optimized trading processes, and a world-class user experience.

Why did Galilée AM choose Clearwater JUMP?

Galilée AM chose Clearwater JUMP for its ability to centralize multi-entity operations, drive efficiencies, and foster sustainable growth.