France-based Caisse des Dépôts (CDC) has selected Confluence to manage its asset management department’s shareholder disclosures and operations.
As part of the mandate, the investment management solutions company will also produce CDC’s regulatory forms.
According to CDC, Confluence won the mandate because of its regulatory expertise, knowledge of the French jurisdiction (loi Florange) and its high standard of data privacy and security.
Headquartered in Pittsburgh, Pennsylvania, Confluence assists the investment management industry to solve data challenges across the front, middle and back offices. The company has more than 900 employees in 15 offices across the UK, Europe, North America, South Africa and Australia.
Tom Pfister, managing director of compliance, reporting and services at Confluence, comments: “This is an exciting deal that stands as a testament to the strength of our platform solutions.
“Caisse des Dépôts can now deliver quality, regulatory-compliant results with speed, scale and efficiency. This comes at a critical moment – in the face of ever-evolving regulations, firms benefit from implementing solutions that deliver accurate reporting to clients and governing bodies.”
