Investment management technology developer Arcesium has received an investment from J.P. Morgan.
The funding comes alongside a strategic partnership between the two on the Securities Services business, a provider of independent fund administration and comprehensive outsourcing solutions to alternative fund managers, asset managers and asset owners.
Launched in 2015, Arcesium supports over $180bn in assets from currently has a team of 850 staff. Its cloud-based products and solutions help firms to optimize their daily and monthly middle and back-office processes.
Its technology supports the whole post-trade process from real-time integration with order management systems to robust and automated oversight of third-party administrators.
J.P. Morgan global head of securities services Teresa Heitsenrether said, “This investment and collaboration underscores J.P. Morgan’s continued focus in the alternatives segment.
“The combination of J.P. Morgan’s Securities Services and Arcesium’s innovative technology is driving more scalable solutions to our clients. Through its partnership with Arcesium as a technology provider, J.P. Morgan has offered its alternative asset manager clients solutions to their most complex operations and data management challenges.”
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