LatentZero Forms French Compliance Group
New York, Toronto, London, 7th July 2006 - Following the recent opening of LatentZero France's new Paris office, LatentZero held its first European Sentinel User Group meeting in Paris at which it presented new functionality to be included in the Capstone Sentinel™ v5.0 release, to be launched at the SIA show in New York City, June 21-23.
The objectives of the Group are to share mutual experiences, debate best compliance practices, and discuss how changes in their businesses can be addressed by technology. The group will also help steer the future development of LatentZero's Sentinel compliance software.
The inaugural event was hosted and chaired by IXIS AM and was attended by more than 15 participants representing 6 of Europe's leading asset management companies, and LatentZero's business and technology experts.
"Sentinel users have met on a regular basis in the UK and US for several years," says Dominique Lomas, Head of Professional Services at LatentZero in France. "But, as our client base has continued to expand in Continental Europe, we decided to organise an event exclusively for these users."
"With the introduction of UCITS III, ratio d'engagement and MiFID, compliance is now top of the agenda for European asset management companies. LatentZero is helping its clients to address this issue, and following the success of our first user group, will continue to hold regular meetings every six months."
"Such events are good opportunities to meet and exchange ideas with fellow industry professionals as our firms are more and more committed to general Compliance issues. This also provides an opportunity for us to be involved in the enhancement of the solution" says Michel Levenez, Compliance team manager at IXIS Asset Management.
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 7 of the world's top 10 asset management organizations. More than 3,500 portfolio managers, traders and compliance officers worldwide rely on Capstone to manage assets in excess of $8 trillion. For additional information, please visit www.latentzero.com
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