Lemanik Asset Management has adopted Linedata’s compliance monitoring software, Linedata Compliance.
The Luxembourg-based asset manager will use the Linedata software to optimise management of its operational risk while also ensuring compliance transparency requirements under the likes of UCITS and the Alternative Investment Fund Manager’s Directive.
The Linedata solution is designed to be adaptable to changes in regulation while minimising operational risk. It will allow Lemanik to monitor investment restrictions and alerts relating to regulatory and legal constraints, as well as exceptions.
Lemanik will manage production of regulatory reports in-house, tailoring the solution to its own requirements to optimise reporting.
Jennifer Collin, risk manager with responsibility for investment restrictions at Lemanik Asset Management, said: “Linedata’s teams were able to understand our needs and offer us a tool for assessing risks and controls. We can export the results and use them to produce our reports.”
“This tool is flexible, easy-to-use and fully customisable. Linedata’s proximity to Luxembourg and its delivery experience team were also key factors in our choice.”
Henri Berthe, software product manager responsible for Linedata’s compliance monitoring products in Europe, said: “The choice of Linedata Compliance by Lemanik Asset Management makes our solution one of the leading tools in the Luxembourg financial sector and across all international markets, where it is already used by more than 70 clients.”
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