London-Based Global Investment Manager to Scale
and Drive Growth With Clearwater PRISM
BOISE,
Idaho and LONDON,
June 11,
2024 /PRNewswire/ -- Clearwater Analytics (NYSE:
CWAN), a leading worldwide provider of SaaS-based investment
management, accounting, reporting, and analytics solutions, today
announced M&G Investments, a leading international asset
manager and part of M&G plc, has selected Clearwater Analytics
as its SaaS-based investment accounting solution for timely,
accurate, and comprehensive investment accounting and
reporting.
The Clearwater platform will
automate investment management and regulatory reporting and support
the complex needs of M&G's global insurance clients. With a
white-labeled version of Clearwater's platform, M&G's insurance
clients will have access to an M&G web portal and rely on
Clearwater PRISM for monthly report generation. This
automated investment reporting system will provide
clients with a complete view of their investments and enable them
to meet complex multi-basis accounting requirements. Additionally,
Clearwater will streamline the
delivery of monthly investment board packages created by M&G,
enhancing the process with greater efficiency, timeliness, and
accuracy.
"As insurers face increasingly complex challenges in managing
their investment portfolios, we recognise the importance of
providing robust, innovative technical solutions that keep pace
with evolving regulatory change," said Russell Lee, M&G's Head of Insurance
Solutions. "Clearwater's enhanced
capabilities will also allow us to expand our Insurance Solutions
footprint in international markets experiencing strong growth in
insurance and reinsurance, while also providing clients with
greater access to M&G's compelling public and private markets
investment expertise. Clearwater
will be a valuable partner in enabling us to provide our clients
with the exceptional service they require."
"As insurance regulatory requirements become increasingly
complex, we are dedicated to enhancing our platform's capabilities
to provide asset managers and insurers with a best-in-class
investment accounting and reporting solution," said Keith
Viverito, General Manager of EMEA and APAC at Clearwater Analytics.
"M&G's insurance clients will experience the benefits of
a consolidated view of their portfolio investments. They
will also have the flexibility to address unique reporting
challenges across different regulatory regimes leveraging modern
best-in-class technology and workflows. We are thrilled to have
been selected by M&G and look forward to collaborating with
them to transform the underlying technology supporting their
insurance solutions group."
Clearwater PRISM is a leading client reporting platform for
asset managers, designed for firms that want a comprehensive view
of their portfolios that span multiple platforms. The Clearwater
PRISM platform enables firms to consolidate information across
multiple accounting engines, analytic platforms, and data sources
for an all-in-one client reporting solution. To learn more
about Clearwater Analytics, speak to an expert today.
About M&G Investments
M&G Investments is part of M&G plc, a savings and
investment business which was formed in 2017 through the merger of
Prudential plc's UK and Europe
savings and insurance operation and M&G, its wholly owned
international investment manager. M&G plc listed as an
independent company on the London Stock Exchange in October 2019 and has £343.5 billion of assets
under management (as of 31 December
2023). M&G plc has customers in the UK, Europe, the Americas and Asia, including individual savers and
investors, life insurance policy holders and pension scheme
members.
For nearly nine decades M&G Investments has been helping its
customers to prosper by putting investments to work, which in turn
creates jobs, homes and vital infrastructure in the real economy.
Its investment solutions span equities, fixed income, multi asset,
cash, private debt, infrastructure and real estate.
M&G recognises the importance of responsible investing and
is a signatory to the United Nations Principles for Responsible
Investment (UNPRI) and is a member of the Climate Bonds Initiative
Partners Programme.
M&G plc has committed to achieve net zero carbon emissions
on its total book of assets under management and administration by
2050 and committed to reduce operational carbon emissions as a
corporate entity to net zero by 2030.
For more information, please visit:
https://global.mandg.com/
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading
SaaS solution, automates the entire investment lifecycle. With a
single instance, multi-tenant architecture, Clearwater offers award-winning investment
portfolio planning, performance reporting, data aggregation,
reconciliation, accounting, compliance, risk, and order management.
Each day, leading insurers, asset managers, corporations, and
governments use Clearwater's
trusted data to drive efficient, scalable investing on more than
$7.3 trillion in assets spanning
traditional and alternative asset types. Additional information
about Clearwater can be found at
clearwateranalytics.com.
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SOURCE Clearwater Analytics