Fintech PR
Ofi Invest Asset Management Selects Clearwater Analytics to Power its Investment Accounting Operations
Clearwater’s Best-in-Class SaaS Solution Simplifies Investment Accounting Management for Leading French Asset Manager
BOISE, Idaho and PARIS, Oct. 18, 2023 /PRNewswire/ — Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Ofi Invest Asset Management, part of Ofi Invest Group and France’s fifth-largest asset management group with more than €187 billion under management, has chosen Clearwater’s platform to power its investment accounting management, reporting, and services.
Distinctive in the French asset management market, Ofi Invest Asset Management offers its institutional and insurance clients the service of managing their investment accounting function across their entire portfolios. In this context, Ofi Invest Asset Management has chosen Clearwater Analytics to automate the aggregation, reconciliation, and validation of the firm’s investment data across all asset classes. The Clearwater platform will also give end users a daily view of portfolio data for accurate investment accounting and regulatory reporting purposes.
Hugues Bernard, Head of Technology and Transformation at Ofi Invest Asset Management, underscored the value of the collaboration, stating, “Many of our clients benefit from our investment accounting offering as an enhancement to their management mandate. We chose Clearwater because we wanted to offer our clients the most powerful software on the market that also provides the best user experience.”
“Clearwater is delighted to be supporting asset management leaders, including Ofi Invest Asset Management, with their investment accounting, reporting, and operational needs,” said Thomas van Cauwelaert, Region Head, France, Belgium and Luxembourg at Clearwater Analytics. “Our clients gain a consolidated view of their portfolio investments and direct access to a high-touch client team devoted to providing world-class support. With timely, accurate views of their investment data, our clients make smart capital allocation and portfolio decisions, effectively manage risk, and easily drive growth. Ofi Invest Asset Management joins the ranks of our growing French client base and further broadening the relevance and impact of our solution across Europe.”
To learn more about Clearwater Analytics, speak to an expert today.
About Ofi Invest Asset Management
Investing in companies that create sustainable value for everyone – that’s one way to give the future a new dimension. Ofi Invest Asset Management is a company of Ofi Invest Group, which in turn, is a member of Aéma Groupe (Macif, Abeille Assurances and AÉSIO mutuelle).
Total consolidated assets managed under the new Ofi Invest Asset Management brand came to €163.5 billion euros as of the end of June 2023 – assets managed on behalf of institutional, professional, and individual clients, both French and international.
Through its closely held convictions as a responsible and engaged investor, Ofi Invest Asset Management offers a broad range of responsible investment strategies in all listed asset classes, allowing its clients to use their investments to finance the development of a virtuous economy that is a source of opportunities and performance.
By bringing together the capabilities of Ofi Invest group’s asset management companies (the fifth-largest French asset manager(1), Ofi Invest Asset Management provides access to a broad range of investment solutions in both listed and non-listed assets, extensive experience in bespoke asset management, and services adapted to various investor types, all of which make this new player a first-tier choice in managing your assets. Visit: www.ofi-invest-am.com
(1) Source: Financial communications of the entities concerned, as of 12/31/2022
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 $6.4 trillion in assets spanning traditional and alternative asset types. Additional information about Clearwater can be found at clearwateranalytics.com.
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Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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