Fusion Invest to power institution as it aims to sustainably increase assets under management and profitability
KAMCO Investment Company, a GCC-based investment company, has selected Fusion Invest from Finastra to help fuel its ambitions for rapid growth. The solution will support KAMCO as it scales the business, expanding its asset class coverage and the range of investment solutions it offers customers, as well as attracting new investors. The firm has an end goal of sustainably increasing its assets under management (AUM), and aims to be recognized as a premier investment manager both in the region and globally.
KAMCO will integrate all investment management operations with Fusion Invest’s single-platform approach. This will enable highly-automated workflows, consistent data and accurate risk analytics, streamlining processes across the front-, middle- and back-office. With the integrated Insight microservice, portfolio managers will be able to give investors increased visibility and transparency of their current assets and associated risk scenarios on the go. In addition, KAMCO will be able to access a wider range of asset classes, enabling it to deploy more sophisticated hedging strategies, further improving risk-adjusted returns and therefore win valuable business from new sources whilst also benefitting from reduced IT costs overall.
“We recognized the need to invest in a world-class solution to support our ambitions for growth. Fusion Invest provides us with the flexibility, scalability and functionality we need to expand our business, enhance our performance and also support our hedging and risk management capabilities,” said Khalid Owaida, Senior Vice President and Head of IT at KAMCO Investment Company. “We view Finastra as a strategic partner – its proven investment management experience, global client base and ability to advise on best practice are very attractive to us as we expand internationally.”
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Finastra won the business with KAMCO in a competitive pitch against five other solution providers. Fusion Invest was rigorously tested and was chosen based on its ability to support KAMCO’s aggressive growth plans through the strength of its core functionality, its scalability and capacity to increase automation, reduce costs and boost collaboration across the organization.
“Even with global economic uncertainty and a continually changing regulatory environment, KAMCO has been able to return excellent growth figures. Fusion Invest’s centralized portfolio and risk management features will reduce complexity and boost flexibility for KAMCO, enabling it to effectively manage assets, positions and analytics as it continues to grow its operations globally,” said Nadeem Syed, CEO at Finastra.