Twenty First Capital picks Profile’s Axia for asset management ops
Twenty First Capital has chosen Profile Software’s Axia system to automate its fund management and private portfolio processes using a single platform.
Axia helps with the trade lifecycle from orders to settlements and reconciliation; and automates connectivity with custodians and ensures compliance with international standards.
Twenty First Capital, an independent company with operations in France, the UK and Luxembourg, has more than €1 billion of assets under management (AUM).
As the name suggests, it manage 21 funds providing a range of specialised options – such as listed/unlisted credit, stock pickings, emerging markets and commodities. It also has a specialised department offering OPPCIs (real estate collective investment undertakings).
Stanislas Bernard, CEO at Twenty First Capital, says “due to the diversity of our portfolio” Profile was evaluated as the “ideal partner in deploying a flexible, innovative, omni-channel system that fully meet the requirements of our international operations”.
Profile says it got the deal following an international vendor assessment including several local French vendors.