The management company of Banque Internationale à Luxembourg (BIL) has chosen Lindedata’s Front Office Platform to manage its complete front-to-back asset management workflow.
BIL Manage Invest (BMI) will implement the platform across its full suite of investment funds, with a single solution for portfolio management, trading, compliance and reporting.
The mandate intends to support BMI in long-term growth, building up a technology infrastructure to adapt and scale their business within the context of the regulatory environment.
The platform combines the Linedata Longview, Linedata Compliance, Linedata Navquest and Linedata Reporting modules.
Alexandre Dumont, CEO at BMI, said: “Our assets under management have grown significantly over the past year, causing us to shift our operating models from the in-house developments we were using for our front-to-back processing.”
Alain Bastin, conducting officer and chief risk officer for BMI, added: “With the need to implement a robust and integrated solution, it was key to choose a provider that offers a true partnership and offers value-added services. Linedata delivers the solutions and services to support our growth for the long term.”
Deb Biswas, executive vice president of sales and co-head of Linedata front office asset management, said: “We are pleased to have BIL Manage Invest as our newest Luxembourg-based client on the Linedata Front Office Platform. Linedata allows firms like BMI to change their operating model, build greater efficiencies and focus on their core business.”
“Our technology offers the front-to-back workflow tools necessary for them to meet their complete asset management and risk monitoring needs.”
