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Sophis wins contract with structured products boutique in Stockholm

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Sophis, a provider of cross-asset, front-to-back portfolio and risk management solutions, it has won a contract to provide Garantum with a portfolio and risk management infrastructure based on Sophis Value.

Implementation of the software started in October 2009 and the platform will support 30 users.

Garantum Fondkommision is an independent structured products boutique headquartered in Stockholm. Established in 2005, it has grown to become one of the largest players for structured products in the Nordic market with close to 700 issues and a valuation in the underlying markets of approximately EUR4bn.

Edgar Luczak, deputy chief executive of Garantum, says: “We spent a long time looking at all of the alternative software platforms in our local market, as well as globally. We chose Sophis Value because of its functionality and the value that it will allow us to add to our clients, both now and in the future. Sophis was extremely flexible and we worked closely with its R&D team in order to build the innovative functionality that we need from our software platform.”

Sebastien Roussotte (pictured), chief operating officer for Sophis UK & Middle East, says: “We are delighted that Garantum has chosen Sophis Value to support and build its business. The Scandinavian marketplace is at an interesting stage in its development and there is a growing reliance on managing alternative funds and risk management. We have built Value from the ground up to support the needs of buy-side institutions, while incorporating the sophisticated risk management functionality developed for the sell-side. This makes it an ideal platform for organisations like Garantum.”

Value is currently in use at over 80 institutions worldwide, from start-up hedge funds to global investment management companies. Clients include Axa IM, BNP Paribas IP, BTG, Fortis IM, Groupama AM and Jabre Capital.

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