Asteria Investment Managers (IM), the impact investing affiliate of Swiss private bank Reyl Group, has turned to Amundi for the management of its assets using the latter’s portfolio management system.
Under the partnership, Amundi will supply its Amundi Leading Technologies & Operations (ALTO) to Asteria using cloud technology.
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ALTO offers a range of services spanning the entire order and execution lifecycle. This includes portfolio analysis, pre- and post-trade compliance, risks, performance, processing of transactions, and holding of positions, reporting, and data management.
Switzerland-based Asteria IM was established last year by Reyl to offer new forms of investment.
The company looks to engage in the key challenges of the 21st century by focusing on social and environmental impact investing in line with the UN’s 17 Sustainable Development Goals (SDGs).
Asteria IM CEO Katia Coudray said: “At Asteria IM, we develop investment solutions that provide financial performance and have a positive impact on society and the environment.
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By GlobalData“For this, we choose to work with partners who understand our constraints and who can offer us quality tools and service. Amundi offers us a first-rate solution, based on its management experience, which will help us in our current and future growth.”
Commenting on the tie-up, Amundi Services director Joseph Gharib added: “We are delighted with this new partnership with Asteria IM and the successful integration of ALTO in Switzerland, in a short period of less than 4 months. This success strengthens the international dimension of our offer, which is today deployed among external clients in 7 countries.”
Earlier this month, Asteria IM forged a strategic alliance with Swiss impact private asset manager Obviam.
The combination of the two companies is said to form a ‘prominent player’ in the impact investing space, with over CHF1bn ($1.1bn) in assets under management.
