Major new customer adoptions follow the opening of eFront’s new Luxembourg office
Luxembourg | March 07, 2019 – eFront, the leading provider of alternative investment management software, today announces that it has …
Tokyo | February 26, 2019 – eFront, the world’s leading alternative investment management software and solutions provider, announced today two new additions to its growing Japanese client base. This further expands its regional footprint while emphasizing that Japan is one of the key markets for eFront.
Mario Cusinato, Head of Partners and Alliances APAC at eFront said, “We are delighted to see that two main Japanese gatekeepers are now live with eFront Invest. eFront’s experience and presence in the Japanese market, along with the integrated approach for managing the full lifecycle of an alternative investment portfolio, were crucial in their selection. This success is a strong testimony that eFront is a go-to solution suite for Japanese alternative investment professionals”.
Over the past three years, eFront has significantly grown its presence in Japan through a regional network of offices and partners, such as Nomura Research Institute (NRI) who was instrumental in serving those two new clients. Many of Japan’s prestigious institutions have chosen eFront’s solution to manage their entire alternative investment portfolio, some of them being: Alternative Investment Capital (AIC), Axil Capital, Mizuho Global Alternative Investments (MGAI), Sumitomo Mitsui Asset Management, and more. Solutions used by these institutions, cover every aspect of alternative investment management, from due diligence and fundraising to reporting, as well as different asset classes, including private equity, real estate, infrastructure, venture capital, and private debt.
Commenting on eFront’s success, John Legrand, Managing Director APAC at eFront said, “Japan has a sophisticated and mature set of buyers who appreciate quality and expect precision and accuracy. We are pleased and honored to welcome more and more clients to eFront in Japan. Furthermore, we believe that our growth in Japan is a testament to the trust and confidence that these firms have placed with eFront”.
Hideaki Ohtsubo, General Manager of Asset Management Systems Sales at NRI added, “Majority of Japanese investors investing in alternative assets use spreadsheets to manage their business data. As their investment volume rapidly grows, such manual operations are expected to reach a limit in maintaining efficiency, accuracy, and robustness. Instead, customers who have chosen eFront have succeeded in highly reducing their everyday burden by automating cashflow calculations, creating graphs, charts and reports. NRI aims at further strengthening its partnership with eFront, to be able to support and expand alternative investments in Japan”.
Nomura Research Institute (NRI) is a leading global provider of system solutions and consulting services, including management consulting, system integration, and IT management and solutions for financial, manufacturing, retail and service industries. Client partner with NRI to expand businesses, design corporate structures and create new business strategies. NRI has over 12,000 employees in it offices globally including New York, London, Tokyo, Hong Kong and Singapore, and reports annual sales above $3.7 billion. For more information, visit nri.com.