Renaissance Capital selects Calypso Technology
Renaissance Capital has picked a back office solution from Calypso Technology to help automate the administrative management of its American Depository Receipts and Global Depository Receipts.
The intention is to increase automation of operations, and lay the foundation for use of the technology in other business lines.
Renaissance said it picked Calypso following a selection process, but ultimately favoured the end-to-end processing across multiple asset classes and the ability to replace a number of legacy systems that it represented.
The asset manager is now involved in the second phase of its implemenation, which will cover foreign exchange, multi-manager, fixed income, deerivatives, repo and equities, and functionality such as cash management and client accounting.