Ireland-based Mediolanum Asset Management has selected private financial cloud provider Options as its new managed application and hosting provider.

The deal follows Mediolanum’s recent decision to overhaul its entire IT platform to implement a new front-to-back data management solution in conjunction with Misys.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Under the agreement, Options will deliver Misys’ fully integrated portfolio and risk management solution, FusionInvest, as a fully managed service for Mediolanum.

Also, the Irish asset manger will leverage Options managed application solution Momentum- which combines a global platform, for hosting dozens of customer proprietary applications, with a standardised platform for the delivery of the front, middle and back-office financial systems.

Mediolanum managing director in Ireland Furio Pietribiasi said: "The redesign of Mediolanum’s target operating model and data management system demanded a private financial cloud provider with experience of complex implementations that could facilitate our ambitious plans.

"Options’ existing global infrastructure, a Tier 3+, highly secure private cloud, would allow our investment professionals to engage with the portfolio 24/7, anywhere in the world, with obvious improvements on our overall on-going business continuity."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Options CEO Nigel Kneafsey said: "Options’ best-in-breed financial technology infrastructure makes for a powerful platform that will allow Mediolanum to leverage a state of the art order management system in FusionInvest. This innovative solution, unique to the asset management sector in Ireland, is a significant milestone for Options and further strengthens the firm’s standing as a global leader in the delivery of managed financial applications."