Polish asset manager Skarbiec TFI has picked NeoXam's Density portfolio management solution to facilitate calculations, and pre and post trade compliance across all its 42 funds and sub funds.
This is the first client win in Poland for NeoXam, and follows the hire of Philipp Sfeir to head the push into the Central and Eastern Europe region. Implementation is expected to complete in the fourth quarter of 2020.
Poland is the second largest hub for asset management in Eastern Europe.
Anna Milewska, CEO at Skarbiec TFI, said: "Our strategy for the coming years is focused on providing the highest quality services possible for our clients, and NeoXam's best in class solution will be a really important part of this. Not only this, but the system will increase the efficiency of the investment process, supporting our fund managers in their daily work."
Philipp Sfeir, NeoXam's general manager for Central and Eastern Europe, at NeoXam, said: "We have been delivering software for the financial sector for 25 years, and our partnership approach means many clients stay with us for the long term. This is why we're pleased that Skarbiec TFI has chosen NeoXam as part of its long-term strategy. We look forward to a long and fruitful partnership."