Paris-based personal insurance company La Mutuelle Générale has extended its partnership with Linedata to utilise its fund accounting operations.
As part of the new mandate, La Mutuelle Générale will leverage Linedata’s Business Process Outsourcing (BPO) service.
This new arrangement will allow La Mutuelle Générale access to Linedata Chorus, a multi-standard SaaS solution for institutional portfolio management which includes bonds, equities, private debt, real estate, investment capital and infrastructure.
Linedata has expanded its business process outsourcing (BPO) portfolio to meet growing demand from institutional customers to outsource their investment operations..
This removes the need for licenses and the burden of managing back-office operations in-house, says the data service.
Linedata’s BPO service also handles end-to-end back office workflows for fund accounting.
Matthieu Esposito, head of treasury and investments at La Mutuelle Générale, says: “Earlier this year, we decided to call on an external service provider to ensure continuity in our fund accounting operations. Our collaboration with Linedata went smoothly from day one. We are delighted with the day-to-day service provided by Linedata’s experts, as it means considerable time savings.”
Arnaud Allmang, head of continental Europe asset management, Linedata, comments: “Our BPO service, which has proven itself for five years in North America and Asia, is now opening up to Europe. This allows us to meet the needs of our clients and reassert our position as a market-leading provider of software solutions and innovative value-added services.”
