Helvetia selects NeoXam to support its tech expansion project

By Joy Dumasia

Helvetia, a Swiss-headquartered European insurance group, has selected NeoXam, a financial software provider, to support the continued expansion of its asset management business.

Helvetia Asset Management, which manages currently more than CHF 65 billion in assets, will use in the future NeoXam’s DataHub platform as part of a comprehensive project to transform its asset management technology landscape. A key part of the project includes upgrading existing systems to leading investment technology solutions, with data management being vital. The DataHub solution will be hosted, maintained, and operated by NeoXam for Helvetia, reflecting the insurance group’s cloud-first strategy.

Dominik Gurtner, Head of Investment Management Platform at Helvetia Asset Management, said: “Flexibility, scalability and future-proofing were important criteria when deciding on the optimal data management solution to take us forward. The flexibility of NeoXam’s DataHub to efficiently manage data across all asset classes and for all our customers was a key component in our decision.”

Philipp Sfeir, General Manager of the EMEA North + ZAF regions at NeoXam, added: “Asset Managers are continuously looking to derive greater value from their data in the cloud at a lower total cost. The scalability of DataHub is particularly important to Helvetia’s ever-expanding investment management portfolio, which includes a wide range of financial instruments. Welcoming Helvetia as our customer in Switzerland confirms our growth strategy and commitment to this key market.”

IBS Intelligence reported that NeoXam, a leading financial software company, announced that it had been chosen by Societe Generale Securities Services (SGSS) to provide investment and reporting software to support clients’ services of its private equity business unit.