Paris-based asset management giant Amundi has chosen Thomson Reuters' Accelus Org ID managed service platform to satisfy its know-your-customer requirements.
Org ID will help the firm—a subsidiary of French investment bank Credit Agricole with about $1 trillion (€850 billion) under management—to streamline the exchange of information with its financial counterparties.
Launched in March 2014, the Accelus offering is among a handful of KYC managed services increasingly being targeted at the buy side. Last week, London's Man Group, one of the world's largest hedge fund groups, signed up as well.
“We believe Thomson Reuters Accelus Org ID is one of the best solutions available on the market. As the industry evolves, more and more we need trusted partners that can help us meet our regulatory requirements," says Jean-Francois Poulnais, global head of data management at Amundi.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails