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.
Anthony and James talk about how regulators in the US are falling behind other nations' regulators, the lack of talk about Reg AT, and an SRO for cryptocurrencies.Subscribe to Weekly Wrap emails