MEDIA RELEASE PR40341
ConvergEx Announces Paradice Investment Management is Live on the Eze OMS
NEW YORK and SYDNEY, July 8 /PRNewswire-AsiaNet/ --
Latest Win Comes Off of Two Years of Strong Growth in
Asia-Pacific Region
ConvergEx Group, a leading technology company, today announced that
Paradice Investment Management is now live on its award-winning order
management system (OMS), the Eze OMS(TM).
Based in Sydney, Australia and managing close to AUD6 billion, Paradice
turned to Eze to provide the flexible and robust technology platform and
high-touch service that will assist Paradice as it expands both its
Australian and international trading operations. The Eze OMS streamlines the
workflow between Paradice's portfolio managers, traders and compliance
officers, seamlessly running pre- and post-trade compliance checks in
real-time throughout the trade lifecycle and sending alerts to notify users
of trades or portfolios that are in violation of investor or regulatory
requirements.
"Paradice recently expanded its investment offerings to incorporate a
global small mid-cap investment strategy and they wanted a scalable solution
that could support this strategy as it grew," noted Rafael Manalac, director
of Eze Castle Software's Asia-Pacific region. "With a dedicated support
presence in Sydney, using the Eze OMS will be a tremendous advantage to
Paradice as they increase their level of international trading. Additionally,
the robust compliance functionalities built into the OMS will help ease
investor concerns, allowing Paradice to continue to expand their business and
investor base."
"We were looking for a system that could handle our global trading and
compliance needs through a single platform that links our front, middle and
back-office functions together," said Tony Hammond, chief operating officer
at Paradice Investment Management. "In addition, Eze has lived up to its
reputation as a partner and not just a vendor. Their high-touch support model
and expertise simplified the implementation process and helped us avoid the
typical obstacles a new fund faces on launch day."
This latest client win comes off of two years of strong growth for the
Eze OMS in the Asia-Pacific region. Since launching full service Eze offices
in Hong Kong in 2008 and Sydney earlier in 2010, ConvergEx has seen extensive
demand in the region for Eze's products and services, including its trading,
portfolio management, compliance and operations tools.
"Our growing physical presence in the region enables us to work closely
with local clients and offer more than just industry-leading technology
solutions. We have been able to implement the high-touch support and
partnership model that ConvergEx is known for," said Chris O'Connor, head of
Australian Sales at ConvergEx's Eze Castle Software. "Our Asia-Pacific
clients today include both hedge funds and traditional asset managers in
Japan, Hong Kong, Singapore and Australia. We remain committed to continuing
to expand our reach in the region through increased staffing and the opening
of additional full service offices."
The award-winning Eze OMS leverages a real-time open architecture to
streamline the investment cycle for all asset classes - from idea generation
through settlement. The Eze OMS provides functionality to support portfolio
management, compliance, trade management and operations in a single platform.
ConvergEx is a leading technology company providing products and services
to asset managers and financial intermediaries globally. Its products and
services span the investment life cycle and center on the development,
marketing and servicing of technology-based solutions that enable clients to
achieve improved investment results through operational and workflow
efficiencies, execution and analytical tools and highly personalized service.
The firm serves more than 6,000 institutional clients in 100 global markets.
Formed in 2006, the firm has over 1,000 employees in 22 locations throughout
the U.S., Europe, Asia, Australia and Africa.
BNY ConvergEx Group, LLC is comprised of the following businesses: BNY
ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), LiquidPoint, LLC
(member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC);
Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC
(member FINRA/SIPC); NorthPoint Trading Partners, LLC (member FINRA/SIPC);
Eze Castle Software LLC, and ConvergEx Research Solutions LLC, of which
Jaywalk and Cogent Consulting are divisions. Additional information is
Contact: Elizabeth Anderson
EAnderson@convergex.com
212.468.7713
SOURCE: ConvergEx Group
CONTACT: Elizabeth Anderson of ConvergEx
+1-212-468-7713
EAnderson@convergex.com
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