Hong-Kong-based ICBC Asset Management has gone live with a range of asset management software solutions supplied by credit and asset management technology provider Linedata to power its growing global fund business.
ICBC AMG is replacing internal systems and chose Linedata to manage custodian interfaces, as well as increased client asset and trade flow across multiple fund types. ICBC AMG’s specific needs include implementing enhanced portfolio management capabilities to fuel plans to expand its fund line-up throughout 2018. The line-up includes equity, fixed income, money markets, derivatives, and private equity offerings.
Tian Lin, Managing Director and COO, ICBC Asset Management, commented:
“We chose Linedata because its leading portfolio management tools, connectivity with multiple third parties, and support for streamlined workflows will allow us to scale our operations while reducing risk, benefiting both ICBC AMG and our clients. Our partnership with Linedata provides our team with a customizable, high-performance platform that will give us the power and flexibility to meet our clients’ growing needs.”
Sally Crane, Managing Director at Linedata Asia, said:
“We are thrilled to partner with ICBC AMG. Our dedicated team collaborated closely with the ICBC team to deeply understand their business and operational roadmap and ensure that they are well positioned for growth and continued success.”
The multi-asset portfolio management solution offered by the company combines Linedata Global Hedge and Mshare in order to provide a modular asset management platform focused on scalability, ease of use and operational efficiency, as well as automation.
ICBC Asset Management is wholly-owned by the Industrial and Commercial Bank of China Group. The firm is the investment research center, product development center, distribution center, and risk management center of the ICBC Group in the Mainland China. Bank of China is one of the four biggest state-owned commercial banks in China.