Robeco Selects LatentZero's Sentinel For European Compliance
London, 12th July 2005 - Robeco, one of Europe's leading investment specialists, with assets under management of more than €115 billion, is set to use LatentZero's pre- and post-trade compliance product, Sentinel, across institutional clients and retail funds.
Sentinel checks for client guidelines and regulatory rules, in real-time. It can manage complex portfolios across all asset classes. The pre-configured rule libraries cover every major regulator around the world. The solution provides vital information for portfolio and risk managers, helping them make the right decisions at the right time.
"Getting the correct compliance product was very important to us. We undertook a rigorous selection process and developed a shortlist of six vendors to run demonstration and workshop sessions," explains Marcel Mos, Compliance Officer at Robeco. "LatentZero's Sentinel was the best choice. From a technical perspective it does everything we ask for and it integrates with our existing order management systems. Furthermore, LatentZero's people looked at the project from both an IT and business perspective which was valuable to us."
Paul Charie, Director of Client Management at LatentZero, commented: "This is another key European win for LatentZero. Over the last few months we have made significant inroads into the European market. And with a strong pipeline of sales leads we are looking forward to the second half of 2005."
LatentZero's revenues have increased at over 100 per cent year on year since it was founded in London in 1999. It has headquarters in London and Boston, sites in New York, Paris and Frankfurt, and a presence in Hong Kong and Singapore.
LatentZero is a global technology firm that specializes in developing complete front-office solutions for the buy-side community. LatentZero's suite of products, known collectively as Capstone, is used by six of the world's top 10 asset management organizations. More than 3,500 portfolio mangers, traders and compliance officers worldwide rely on Capstone to manage assets in excess of $7.5 trillion. For additional information, please visit www.latentzero.com
Robeco provides discretionary asset-management products and services, as well as a complete range of mutual funds to a large number of institutional and retail clients worldwide. Robeco's product range encompasses fixed-income and equity investments, as well as balanced accounts, money-market funds and alternative investments.
Robeco distributes its funds for the retail market directly, and through other financial institutions. Several of its mutual funds, including the flagship Robeco N.V., are listed on major European stock exchanges such as Amsterdam, Paris, Frankfurt and London.
Robeco services its clients not only from its head office in Rotterdam but also from its European offices in Belgium, France, Germany, Spain and Switzerland. In the United States, Robeco has offices in New York, Chicago and San Francisco (Weiss, Peck & Greer), Boston (Boston Partners), White Plains (Sage Capital Management) and Toledo (Harbor Capital Advisors), and in the Middle East it has an office in Bahrain.
Robeco is the center for asset management with full operational independence within the Rabobank Group. The combination of the highest credit ratings from the major international rating agencies and the highest Sustainability Cluster Score within the banking sector reflects the high added value Rabobank has always offered its investors, members, clients and employees.