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 18, 2019 – eFront, eFront, the world’s leading alternative investment management software and solutions provider, announced today that Sumitomo Mitsui Asset Management (SMAM), one of Japan’s leading fund management companies, has gone live with eFront Invest to manage its entire alternative investment portfolio.
In order to meet increasing client expectations and requirements, SMAM searched for the best-in-class compliance system that would consolidate all its data and be able to support its future growth.
The Japan-based asset manager chose eFront Invest in order to streamline its alternative investments across all asset classes and complex investment structures while using just one system.
In addition to increasing the efficiency of its operations through comprehensive workflows and auditing tools, eFront Invest provides robust reporting functionalities to ensure a smooth exchange of data with Sumitomo’s stakeholders.
Haruhiko Takamoto, Head of Alternative Investment Group at SMAM said, “It is not easy to manage alternative investment products using systems designed for traditional assets. We needed a more optimal management tool, in order to improve the quality and efficiency of our operational monitoring and reporting capabilities. eFront Invest provides exactly that. By adopting this solution, we have greatly enhanced our data processing capabilities, allowing us to scale our alternative investments handling over time.”
SMAM’s decision was supported as by strong industry references, as well as eFront Invest’s widespread adoption among well-respected international managers.
Mario Cusinato, Head of Partners and Alliances APAC at eFront commented, “We are thrilled that SMAM is live with eFront Invest, as they are one of the main gatekeepers in the Japanese market, allowing us to further reinforce our local presence. eFront’s experience working with similar clients was crucial in selecting eFront Invest solution and we expect it to optimize SMAM’s operations and allow it to stay ahead”.
Sumitomo Mitsui Asset Management Company (SMAM) is a major asset management firm based in Tokyo, Japan with 698 employees and around 178 investment professionals. SMAM is one of the group companies of the Sumitomo Mitsui Financial Group and provides operation services to individuals and institutional investors based in Tokyo.