Arcesium Strategically Expands European Presence with Opening of Lisbon Office
30 Julio 2024 - 3:00AM
Business Wire
Lisbon operation underscores Arcesium’s
commitment to tapping best investment industry technology talent
and serving growing network of clients on the ground in Europe
Arcesium, a leading provider of investment lifecycle and data
management technology for the global investment industry, today
announces the expansion of its operations in Europe with the
opening of a new office in Lisbon, Portugal. This strategic move
underscores Arcesium’s long-standing commitment to helping the
global investment industry use technology to thrive in complexity
and drive competitive edge through any asset class or investment
strategy.
"Our clients collectively manage over $4.3 Trillion in assets
through the Arcesium Platform, while our Financial Operations
managed services team elevates and streamlines their workflows
throughout the entire investment lifecycle. Our strategic move to
establish a presence in Lisbon not only strengthens our commitment
to serving our clients across Europe, but also positions us to
attract the very best of the growing pool of technology talent in
the region,” commented Arcesium CEO, Gaurav Suri.
Arcesium launched in 2015 from its headquarters in New York and
technology and operations hub in Hyderabad, India, and expanded
into London in 2020 to meet the needs of international clients in
response to significant demand in the European market. The new
office in Lisbon, equipped with an expert team specializing in
financial services technology, will play a crucial role in
facilitating further growth in the region among Arcesium’s client
base of institutional asset managers, hedge funds, banks, and
private markets funds.
“Arcesium has experienced substantial global growth in recent
years, with a significant increase in clients in Europe, supported
by our global headcount of over 2000 software engineering,
accounting, operations, and treasury professionals. Our operations
in Lisbon fortify our regional presence and demonstrate our
commitment to providing our European clients with the
highest-quality service, including comprehensive time zone
coverage,” commented Ranvijay Lamba, Managing Director,
Arcesium. Ranvijay will be managing the Lisbon office and
leading operations in the region.
This announcement follows the recent launch of Arcesium’s
upgraded investment lifecycle management platform, Opterra, built
to optimize all middle- and back-office functions across asset
classes, and provide operational infrastructure capable of matching
any front-office ambition.
About Arcesium:
Arcesium is a global financial technology company delivering
pre- and post-investment and enterprise data management solutions
to some of the world’s most sophisticated financial institutions,
including private market firms, hedge funds, and institutional
asset managers. Expertly designed to achieve a synchronized golden
source of data throughout a client’s ecosystem, Arcesium’s
cloud-native technology is built to systematize the most complex
workflows and help clients achieve scale.
Today, Arcesium services over $4.3 trillion in gross AUM and
over $550 billion in sell-side capital balances, and has modelled
over 125 million investments to date. Arcesium was built from a
platform developed and tested by investment and technology
development firm, the D. E. Shaw group, and launched as a joint
venture with Blackstone Alternative Asset Management. J.P. Morgan,
another large client, later made a strategic investment in the
company, helping Arcesium further its mission: to power the entire
investment lifecycle. Arcesium currently has a staff of over 2,000
software engineering, accounting, operations, and treasury
professionals.
For more information about Arcesium and its capabilities, visit
www.arcesium.com and follow the firm on LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240730124502/en/
Media: Danielle Meyer Aspectus Group
Danielle.Meyer@aspectusgroup.com