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Axxsys Consulting Support Implementation of Risk Management Platform for Leading Nordic Life Insurance Company – Velliv

March 9th, 2022 by

Axxsys Consulting, part of the Alpha Group, is pleased to announce the successful implementation of BlackRock Aladdin®, one of the industry’s most comprehensive risk management platforms for VellivPension og Livsforsikringsselskab, a leading life insurance company in Denmark with over €30 billion assets under management. This implementation is the final phase of a major organisational change programme where Axxsys have supported Velliv in delivering one of the industry’s most comprehensive investment operations platforms comprising of SimCorp Dimension®, eFront® and BlackRock Aladdin.

Velliv went live earlier this year on their new Risk Management platform BlackRock Aladdin Risk®.  Axxsys assisted Velliv’s front office team with project management, business integration and system implementation services across the whole investment process. This included portfolio construction, asset and risk factor allocation, over risk budgeting and limits, daily portfolio implementation, trading and compliance.

Velliv chose BlackRock Aladdin Risk because of the risk modelling capabilities that covers virtually all asset classes, liquid as well as illiquid assets. This enables Velliv to have a detailed and precise view on the risk, across all portfolios in real time.  Risk factor models, scenario and stress test capabilities, in combination with support for portfolio construction and general portfolio analytics will be key ingredients as Velliv continues to develop and refine their investment process around risk management.

With SimCorp Dimension®, eFront® and BlackRock Aladdin now fully integrated into a single platform, Velliv have the end-to-end processes designed for ultimate efficiency and control, supporting the firms mission to provide their clients a world class service and a solid and stable investment return.

Anders Stensbøl, Chief Investment Officer said:

“We chose to partner with Axxsys because they are known in the market for being specialists in the core activities that we as asset owners live every day. We had previously worked with Axxsys on the greenfield implementation of SimCorp Dimension® and were impressed with their domain knowledge and their ability to deliver change in the organisation. We wanted to partner with a consultancy that could challenge our thinking and bring real change into the front office team. I am satisfied and very happy having chosen Axxsys.”

Charlotte Strunk Hansen, Head of Portfolio Construction and Investment Risk said:

“We chose BlackRock® for multiple reasons but highlighting just two of them I would say their multi-asset risk model and the access to a team of specialists with whom we can discuss and share knowledge. This was key for a large investor like us, who invests in all asset classes from fixed income, equities, FX to derivatives, real estate, private equity, and hedge funds. Working with Axxsys to leverage all the great functionalities of the Aladdin® Risk application was extremely successful and was delivered on time and within budget.”

Klaus Krarup, Client Delivery Director, Axxsys Consulting said:

“We were honoured to be selected by Velliv, to support them in this significant change for the front office part of the organisation. This successful implementation is a clear demonstration of our key market differentiator of being able to deliver a high-quality consultancy service, provided by our highly skilled industry professionals, who not only have strong domain knowledge but are also technology experts with specific expertise in the key investment management platforms used in the market.”

About Axxsys

Axxsys provide specialised Management and Technology consultancy to the global investment management community, providing Advisory Services and Strategic Planning right through to implementing Major Change Programmes. Our core proposition is around our trusted, highly skilled and knowledgeable industry practitioners who ensure firms achieve outstanding outcomes from their business or technology integration projects. We are proud of our ‘trusted implementor’ reputation developed with our clients over many years of successful project execution. Axxsys are part of the Alpha Group.

About Velliv Pension and Livsforsikringsselskab

Velliv is a large Danish life insurance and pension company. Velliv conducts life insurance and pension business and other business that is compatible with this area and supply our customers with strong value through well designed pension schemes and life insurance products. Velliv is customer owned and focus on being an effective and competitive pension company to the benefit of its 350,000 clients. For more information about Velliv visit www.velliv.dk.

For more information contact:

Klaus Krarup kkrarup@axxsysconsulting.com

Paul Watthey pwatthey@axxsysconsulting.com

Axxsys Consulting Hire Gaurav Jangid to Head New Data and Cloud Technology Service Line

September 20th, 2021 by

Axxsys Consulting, part of the Alpha Group, and leading independent investment management consultancy is pleased to announce the appointment of Gaurav Jangid as Global Head of Data and Cloud Technology. Gaurav will lead the newly created service line and expand the range of services offered to investment management firms in the UK, Europe and North America.

The new service line will focus on supporting firms delivering data and cloud-based services working with partner firms and software such as InvestCloud and Snowflake. Gaurav will lead a team of industry professionals with extensive domain experience together with deep knowledge of the cloud-based platforms in the sector.

Gaurav joins from Cognizant a global business consultancy and outsourcing firm where he has worked for almost 20 years. His most recent role was as Client Partner where he focussed on Cloud Adoption and Data Modernisation, for large financial institutions in the US market.

 Philip Ritchie, Head of Investment Technology at Axxsys, said:

“This is another great milestone for our business as we expand our service offering and welcome a seasoned industry professional into our leadership team. We are seeing many opportunities in the Data, Cloud and Digital services space as organisations look to adopt these technologies to improve their business and deliver high class service to their clients. Gaurav brings a great deal of knowledge and experience of delivery of these services in the financial services sector and will be a great addition to the team”.

Gaurav Jangid said:

“I am very excited to join an organisation that has such a strong reputation for high quality delivery and support in the investment management industry. I am looking forward to expanding the team of data and cloud delivery experts to meet the growing demand for data and cloud-based technologies as firms look to improve data quality, and shift from on premise solutions. The market is changing rapidly and Axxsys is well placed to deliver high quality consultancy services to our clients in the data, cloud and digital space”.

For more information contact Paul Watthey at pwatthey@axxsysconsulting.com

Axxsys Supports Leading Nordic Life Insurance Company Velliv With Successful Implementation of New Investment Management Platform

March 3rd, 2021 by

Axxsys Consulting, part of the Alpha Group, is excited to announce the successful implementation of one of the industry’s most comprehensive investment management platforms for Velliv, one of the largest life insurance companies in Denmark. The Go-live marks a successful delivery of a 24-month change programme where Axxsys assisted the Velliv team providing its full range of change and implementation services.

Velliv, one of the leading life insurance companies in the Nordics with over €30 billion assets under management, went live 1st of January 2021 on their new Investment Management platform.

The implementation delivered one of the industry’s most complete Investment Management platforms encompassing 3 leading systems; SimCorp Dimension® as a Service, eFront® and Blackrock Aladdin® Risk – all configured and fully integrated to support Velliv’s target operating model and investment process. The platform comprises best-in-class solutions across Front, – Middle and Back Office, providing Velliv operational efficiency and scalability. In addition, the new platform provides flexibility allowing them to rapidly adapt to market changes and new business requirements.

Axxsys took the role as Programme Lead and assisted on a number of key deliverables including the creation of Velliv’s new Target Operating Model, full GAP analysis & business requirements, design & validation and full build & configuration. Axxsys also provided test management, migration, business readiness and go-live services. The Axxsys team provided in-depth business knowledge as well as system specific expertise across SimCorp Dimension, eFront and Blackrock Aladdin. The programme was executed on-time and on budget.

Gitte Aggerholm CFO, Velliv said:  

“We engaged Axxsys nearly 24 months ago because of their strong reputation for delivery and execution on investment management platforms. We also needed a trusted advisor who could partner with us in the creation of our future operating model and to manage and accelerate the implementation of our new platform.

Velliv is an ambitious company and we have high expectations which requires strong performance from the companies we engage. Axxsys has met our expectations, and their ability to execute, deliver and engage on all levels of our organization has been a key ingredient in our successful implementation. To go-live on time and on budget is the clearest evidence to demonstrate the positive working relationship between us.”

Klaus Krarup Client Delivery Director, Axxsys Consulting said:

“We were honoured to be selected by Velliv, a leading Nordic Life Insurance Company, to support them in this major change programme for the organisation. As a result, 24 months later we accomplished a go-live, on time and on budget, which is testament to the dedication and quality of the combined team of Velliv’s personnel and our consultants working together on the project. This is a clear demonstration of our key market differentiator of being able to deliver a high quality consultancy service, provided by our highly skilled industry professionals, who not only have strong domain knowledge but are also technology experts with specific expertise in the key investment management platforms used in the market.”

About Axxsys Consulting

Axxsys provide specialised Management and Technology consultancy to the global investment management community, providing Advisory Services and Strategic Planning right through to implementing Major Change Programmes. Our core proposition is around our trusted, highly skilled and knowledgeable industry practitioners who ensure firms achieve outstanding outcomes from their business or technology integration projects. We are proud of our ‘trusted implementor’ reputation developed with our clients over many years of successful project execution. Axxsys are part of the Alpha Group. For more information about Axxsys visit www.axxsysconsulting.com.

About Velliv Pension and Livsforsikringsselskab

Velliv is a large Danish life insurance and pension company. Velliv conducts life insurance and pension business and other business that is compatible with this area and supply our customers with strong value through well designed pension schemes and life insurance products. Velliv is customer owned and focus on being an effective and competitive pension company to the benefit of its 350,000 clients. For more information about Velliv visit www.velliv.dk.

For more information contact:

Klaus Krarup – kkrarup@axxsysconsulting.com

Paul Watthey – pwatthey@axxsysconsulting.com

Axxsys Consulting Boost Executive Team With Peter Egeberg Moller Appointed Chief Innovation Officer

October 1st, 2020 by

Axxsys Consulting, part of the Alpha Group, and the leading independent investment management consultancy specialising in SimCorp Dimension®, is pleased to announce the appointment of Peter Egeberg Moller as Chief Innovation Officer (CINO). This new appointment strengthens the executive team at Axxsys to support the continued growth of the business.

Moller’s role will be to focus on ensuring the team have the best tools and methodologies in place to enable rapid, high quality execution of major change programmes that exceeds client’s expectations. Moller will continue to develop the Axxsys AxxeleratorTM Platform that produces delivery modules based on best practice tools, templates, processes and activities.  Moller will be based in Copenhagen and work with Axxsys consultants and clients throughout the UK, Europe and North America.

Moller returns to Axxsys after 4 years away as Head of Fund Management and subsequently Director & Executive Advisor at PFA Asset Management, one of the largest asset managers in Denmark. Part of Moller’s role included management of SimCorp Dimension, for which he has developed a high level of expertise. Prior to this, Moller was a significant partner and contributor at Axxsys helping grow the business to where it is today. He has been involved in multiple end-to-end implementations, for asset owners and asset managers, as well as numerous add on solutions.

 Philip Ritchie, Chief Commercial Officer at Axxsys, said:

“We are excited to have Peter back on the team. Peter is well respected and an experienced executive and has extensive experience of leading people and facilitating organisational and business change in the investment management industry. He has been responsible for corporate and business unit strategy. During his time at Axxsys, Peter consistently demonstrated a strong track record of ensuring focus on the execution of strategic projects and improving business processes, covering the entire value chain from trade/order management to back office activities. Peter is a significant addition to the team.”

Peter Egeberg Moller said:

“I am very excited to return to Axxsys and help them through their next stage of growth. I am passionate about looking at the best methods to deliver high quality customer service before during and after major implementations, migrations or upgrades of technology platforms. Axxsys already have a strong platform of methodology and best practice in the Axxsys Axxelerator model which I believe I can take to a new level given experience of senior client-side roles at PFA Asset management.”

For more information contact Paul Watthey at pwatthey@axxsysconsulting.com

Axxsys is Growing and Hiring!!

February 6th, 2020 by

We are seeing the benefits of the synergies of being part of the Alpha Group with demand for our services increasing across Europe. Our recently appointed CEO of Central Europe, Kjell Nordgard gives a flavour of life at Axxsys and discusses the opportunities we have in the region.

Axxsys Consulting global network expands following acquisition by Alpha FMC

July 25th, 2019 by

Since the Acquisition by Alpha FMC in June 2019, Axxsys Consulting is now able to operate from a further 8 offices located around the globe. In addition to its current office network of London, Copenhagen, Toronto and New York,  Axxsys now have a presence in Edinburgh, Paris, Luxembourg, Geneva, Zurich, Amsterdam, Boston and Singapore.

For detailed addresses please go to our Contact Us page.

As the Axxsys business starts expanding into these new territories recruiting highly skilled technical consultants with strong industry knowledge will be key to achieving the firm’s growth targets. Axxsys are seeking Consultants with expertise in data management and also consultants with good knowledge of Simcorp’s Dimension® and Coric®, eFront and Markit EDM.

For more details on these roles please visit our Careers page

Axxsys Consulting Acquired by Leading Asset and Wealth Management Consultancy Alpha FMC

June 7th, 2019 by

Axxsys Consulting is pleased to announce that Alpha FMC, a global leader in asset and wealth management consulting has acquired 100% of the company. The acquisition supports the next phase of the Axxsys growth strategy and also strengthens Alpha’s geographic footprint, particularly in the Nordics and Canada where Axxsys have established offices.

Axxsys has provided specialised management consultancy and technology implementation services to the investment management industry since 2003. The business is focussed on investment management solutions, with expertise spanning portfolio management, performance and risk, sales and distribution, and the strategic implementation of data and technology systems, with particular expertise in the SimCorp investment management system.

Founded in 2003 in the UK, Alpha Financial Markets Consulting (Alpha FMC) provides independent advice and expert insight to asset and wealth managers, as well as boasts a suite of proprietary benchmarking data and other technology solutions. The fast-growing consultancy went public two years ago, and since then it has been working to expand its operations as quickly as possible.

Euan Fraser, Alpha’s Global CEO, commented: “Axxsys brings a range of service propositions and skillsets which are highly complementary to Alpha’s. This transaction delivers exceptional value and synergy potential to both organisations, and also strengthens the Group’s global platform for servicing clients in Europe, particularly the Nordics, and North America.”

Philip Ritchie, Axxsys’ CCO and Partner Commented: “This is a highly significant milestone in our company’s history, as we now join forces with one of the fastest growing and most well-regarded consulting firms in the asset management and wealth sectors. I truly believe in the potential this relationship provides for the development of our business, and that being part of the Alpha Group is the very best place for us to achieve our corporate ambitions in the future.”

Axxsys will retain their current branding, market identity, organisation structure and will operate as a largely standalone entity within Alpha, albeit there will be increasing benefit from Alpha’s more extensive support functions. Axxsys will continue to run the business as usual in existing markets of the UK, Nordics and Canada, but with the backing of Alpha, begin to explore growth opportunities in new geographies.

For more information contact Philip Ritchie at pritchie@axxsysconsulting.com

For more information about Alpha FMC visit www.alphafmc.com

Axxsys Appoint New Head Of Performance & Risk

September 17th, 2018 by

London, Copenhagen -17th September 2018 – Axxsys Consulting, a leading business and technology integration firm in the global asset management sector are excited to announce the appointment of Martin Bjorn Jensen as the new Head of Performance and Risk practice. The appointment is in response to increased demand from investment management firms to use Axxsys’ portfolio management services, specifically focusing on Performance and risk expertise.

Martin Bjorn Jensen joins the team from Abu Dhabi Investment Authority (ADIA) where, as a Simcorp Dimension Specialist, he managed many aspects of the solutions’ operation in the business, in particular around the front office, investment performance and benchmarks. Previously Martin was Chief Controller, Head of investment performance and analysis at Danske Capital where he had spent a number of years in various senior positions within performance and risk related roles. Martin will be based in the Copenhagen office but will be working with clients and our consultant teams across Europe, US and Canada.

“We are seeing the impact of increased regulation and investor demands placing more pressures on asset management firms around the middle and front office to ensure risk is properly managed whilst looking to maximise returns for investors,” commented Alix Cheema, CEO Axxsys Consulting. “Martin brings great knowledge and experience of performance and risk, both from a business and technology perspective and will be a valuable asset to the team as we look to increase our support to our clients in this critical area of their business,” said Cheema.

“I am very excited about joining such a forward thinking consultancy organisation,“ said Jensen. “Performance and risk in the investment operations arena has seen much greater focus in the last few years and firms are looking to ensure they have the most appropriate systems in place and have a culture of embracing best practices. Axxsys have recognised this need and I am looking forward to working with their impressive range of clients”, said Jensen.

Martin will lead the Axxsys Performance and Risk practice and deliver best-in-class services across the performance and risk domains. This will include further development of AxxeleratorsTM to help firms with pre-packaged modules that fast track development and implementation of processes, policies and procedures around performance and risk. #assetmanagementconsultants; #performanceandrisk; #businesstransformation.

Axxsys Strengthen Nordics Team With Senior Hires To Meet Increased Demand

August 22nd, 2018 by

London, Copenhagen – Axxsys Consulting, a leading business and technology integration firm in the global asset management sector are excited to announce that three senior asset management professionals, Caspar Jensen, Henrik Mortensen and Peter Falck have joined Axxsys’ Nordic team based in their recently opened Copenhagen office.

The new hires are in response to increased demand and are also a demonstration of Axxsys’ commitment to the Nordic region. “All three add significant experience and knowledge to our Nordic operation,” commented Klaus Krarup, Head of Axxsys Nordics.  “They all bring deep local business know-how, system expertise on SimCorp Dimension®, strong analytical skills, and a solid track record of high quality delivery. Caspar, Henrik and Peter are great additions to our Nordic team!” concluded Krarup.

Caspar Jensen joins from SimCorp where he worked in a number of managerial, senior business consulting and project management roles operating in some of the worlds largest asset managers. Prior to this, Caspar has  taken up key roles as manager, project leader and specialist across in the investment operations functions for Nykredit and Danske Bank so brings great experience of both the vendor and client side of the business.

Henrik Mortensen returns to Axxsys, and understands the firms’ methodology and focus on quality delivery. More recently, Henrik has been working for regional consultancies in the Nordic market in senior positions, focusing on data, business intelligence and digital solutions. Henrik brings great experience from the industry, business knowledge, strong analytical and technical skills, combined with a proven track record of execution and delivery from global projects for some of the world’s largest asset managers.

Peter Falck joins from one of the world’s largest sovereign funds, where he was responsible for a range of business transformation projects and large system implementations, including SimCorp Dimension®. Peter has nearly 30 years of experience from the industry, working in senior roles across many areas in the investment operations in both Nordic and global institutions.

” We are delighted to add three seasoned professionals to our team and enhance our offering to our growing Nordic client base,” commented Alix Cheema, CEO Axxsys Consulting. “These hires demonstrate our key proposition to the asset management industry of consistently providing content driven expertise together with management consultancy to deliver pragmatic, unique and implementable solutions. We welcome Caspar, Henrik and Peter and look forward to them developing long and fruitful careers with Axxsys.” said Cheema.

 About Axxsys Consulting

Axxsys Consulting is an international consulting firm with a proven track record in the financial services industry in EMEA and North America with offices in London, Toronto, New York, Toronto and Copenhagen. For over 15 years, Axxsys have been developing highly skilled industry practitioners who are specialised in business and technology integration. Axxsys enable business transformation in an ever-changing and disruptive business environment.

Axxsys’ comprehensive range of services support all aspects of the clients operating model; from strategy, large change programmes, system implementations, technical integrations to go-live planning, daily operation and maintenance. Using the firms domain expertise and understanding of the latest technology offerings in the market Axxsys have developed the Axxsys Axxelerator Platform. This is based on a unique combination of Axxsys AxxeleratorsTM, a set of tools and templates built by the firms experienced and skilled professionals that will allow organisations to achieve their business goals faster and more efficiently. For more information please go to www.axxsysconsulting.com or contact:

Sarah Andrews

+44 207 526 4900

sandrews@axxsysconsulting.com

Axxsys Consulting open new office in Copenhagen to meet Increased Demand in the Nordic Region

March 1st, 2018 by

Axxsys Consulting, one of the leading business and technology integration firms in the global Asset Management sector, are excited to announce the opening of a new office in Copenhagen to add to their offices in London, Toronto and New York.

The new office is in response to increased demand and strong potential for Axxsys’ consultancy services in the Nordic region, both in the acquisition of new clients but also to support an impressive and growing number of their local clients in the Investment Management sector.

Klaus Krarup, Director at Axxsys™ and Head of the Nordic Region, commented “Whilst we have been growing our international portfolio of clients, we have also been developing a strong client base in the Nordics for some time now, building a strong knowledge of the local markets and trends.  More recently we have seen demand increase from our existing clients and new clients looking for strategic and implementation services.  This demand has meant we are looking to recruit a number of new consultants locally and are interested in knowledgeable industry professionals with experience of working with some of the leading Investment Management vendor solutions.”

Axxsys Consulting’s headquarters are based in the City of London and over the last few years have expanded their operation in Toronto and New York where the client base is also growing.  The number of consultants has also increased and today is in excess of 40 across the regions.

“At Axxsys, we have been developing our range of services that can deliver real value to firms looking for highly skilled industry professionals to help with business or technology integration projects,” commented Philip Ritchie, Director at Axxsys.  “Our consultants have extensive experience of working with the technology vendor solutions, not just implementations but also ensuring the new technology platforms integrate efficiently into the existing business.  This is where we are seeing the greatest demand for our services.  We look forward to continued growth in 2018 as firms recognise the quality of our innovative range of services, delivered by some of the most skilled consultants in the industry,” added Director, Philip Ritchie.

 

 About Axxsys Consulting

Axxsys Consulting is an international consulting firm with a proven track record in the financial services industry in EMEA and North America with offices in London, Toronto, New York and Copenhagen.

For over 15 years, Axxsys have been developing highly skilled industry practitioners who are specialised in business and technology integration.  Axxsys enable business transformation in an ever-changing and disruptive business environment.

Axxsys works intensively with a range of the dominant industry applications and platforms.  This includes SimCorp Dimension, where Axxsys delivers consultancy services and system expertise to a number of the regions most prominent Asset Managers and Pension Funds.

Axxsys’s comprehensive range of services support all aspects of the clients operating model; from strategy, large change programmes, system implementations, technical integrations to go-live planning, daily operation and maintenance.  Using the firms domain expertise and understanding of the latest technology offerings in the market, Axxsys have developed the Axxsys Axxelerator™ Platform.  This is based on a unique combination of Axxsys Axxelerators, a set of tools and templates built by the firms experienced and skilled professionals, that will allow organisations to achieve their business goals faster and more efficiently.

Contact Information

Sarah Andrews
+44 (0)20 7526 4900
sandrews@axxsysconsulting.com

 

Axxsys Consulting named in Top 3 European Consultancy Firms in Funds Europe Awards

January 30th, 2018 by

The 13th Funds Europe Awards ceremony recently held in London, included a category for European Consultancy of the Year (2017).  The criteria included being able to demonstrate a strong commitment to the European funds industry, and a significant contribution to the successful performance of its clients.

“Axxsys are proud to be named in the top 3 consultancy firms in Europe.  This is recognition of our progress since the business commenced trading almost 15 years ago,” said Philip Ritchie, Director, Axxsys Consulting.  “To be recognised as a top 3 consultancy in Europe validates our business model, cultural values and relentless focus on delivering a world class service to our growing list of clients.  Most importantly this nomination underlines the professionalism, tenacity and expertise demonstrated by our consultants every day.”

Axxsys Consulting began in 2003 and today boasts over 40 experienced industry consultants, all recruited from within the Investment Management sector.  They are unique in that they not only have extensive industry knowledge, they also have an in-depth knowledge of the Investment Management systems used in the sector.  This knowledge and experience matched with extensive project management and delivery skills have proved to be the key for the growth of Axxsys over the last few years.

What truly sets Axxsys apart, is the harnessing of all this industry knowledge and experience to develop the Axxsys Axxelerator™ Platform.  Axxsys Axxelerators™ offer clients “pre-packaged” (70/30) modules designed to fast-track the development of Target Operating Models, Business Processes & Analysis, Standard Technology Package Implementations and Project Delivery Frameworks.

The goal is to offer the solution required in a tailored and self-contained way, with a clearly defined objective, approach and delivery.  For each service, a pre-defined model is developed, built around an appropriate selection of Axxsys Axxelerators™, such as engagement guidelines, approach, templates, plans and service specific tools.

Axxsys Consulting are in a strong position to develop the next stage of the growth of the organisation.

Contact Information

Sarah Andrews
+44 (0)20 7526 4900
sandrews@axxsysconsulting.com

Axxsys Consulting Announce the Appointment of Two New Directors

June 29th, 2016 by

Axxsys Consulting, a Management and Financial Technology consultancy, are announcing the appointment of two new Directors.

Axxsys are pleased to announce that Klaus Krarup and Keld Jaksland, have joined the company as Directors.

Klaus Krarup comes with 25 years of experience from the Financial sector, working within Asset Management, Banking, Pension & Insurance and as well as Financial Technology vendors. Klaus’ most recent position was at PFA Asset Management, where he was the Head of Fund Management & Investment Technology.

Klaus Krarup will be responsible for working with Axxsys clients on strategic initiatives, working within Client Management on large change projects, as well as other strategic focus areas, such as requirements for IBOR, alternative investments, IFRS, MiFiD II, Solvency ll and their impact on operating models, procedures and systems.  Adding to this, Klaus is going to be deeply involved in Axxsys’ expansion to the Nordic region and mainland Europe.

“We are delighted to welcome Klaus into the company, his experience and know-how of the needs of our current and prospective client base is unique”, said Philip Ritchie, Director at Axxsys Consulting.  “We believe that Klaus joining as an equity stakeholder in Axxsys, will help us ensure that our future services continue to be relevant to the Asset Management and Asset Servicing industry”.

“I am looking forward to working with increasing the services that Axxsys provide, and to work with our consultants on providing value added services to our clients” says Klaus Krarup.  “With the focus on Fin Tech, efficiency gains and regulatory changes, in the financial sector, I believe that the next 5 years, will be very interesting for the high-end content driven consultancy companies, who can help the clients achieve their strategic goals in a still more challenging and disruptive business environment”.

Keld Jaksland has 25 years experience in the Financial sector, as Project Manager and Principal Business Analyst.  Keld has worked for Axxsys for the last 4 years project managing large Asset Management and Data Change programmes.

Keld will be responsible for the quality assurance of our consultant’s delivery across Axxsys’ different practices, including our Business Integration, Data Management, Regulatory and Hedge Fund practices.

“Quality assuring our delivery whilst growing, is key to the on-going success of Axxsys.  Keld has tremendous experience of the Financial sector, and brings years of hands on experience from the Asset Management, Pension Fund and Private Client industry, which will enable us to continue to provide high quality content driven services to our clients” said Philip Ritchie, Director at Axxsys Consulting.

Axxsys Consulting takes a top-down approach when converting management visions to sustainable solutions.  These solutions are tailored to deliver tangible results on time and on budget.

Contact Information

Sarah Andrews
+44 (0)20 7526 4900
sandrews@axxsysconsulting.com

Axxsys Consulting Launch Market Data Review Service

February 8th, 2016 by

Axxsys Consulting are pleased to announce the launch of a new Market Data Review service to help firms gain a better understanding of the costs and identify potential savings.

Market data is typically one of the top 5 expense areas in a financial services firm but there are countless suppliers, operating different models. This makes it easy to lose track of what you are paying for versus what you really need.

We use our experienced industry consultants to analyse the data that is collected and compare that to standards and norms. We will identify redundancies, gaps, and other anomalies. We will also identify other targeted opportunities for cost savings

Axxsys have previously carried out a Market Data review as part of a wider project for a client. The client achieved significant reductions in their Market Data costs including reducing their Bloomberg costs by 70% – having seen these results we decided that this could be a service which would we useful to the majority of our clients – therefore the ‘Axxsys Market Data Review’ was created.

The output following the review will be a clear, concise report giving the action points, including expected savings that can be achieved immediately (0-3 months), medium term (3-6 months) and long term (+6 months) thus enabling you to make informed decisions in term of prioritising and executing recommended actions. Critically, the report will also include recommendations for improved governance processes which means you maintain control of costs and risk in the future.

Contact Information

Sarah Andrews
+44 (0)20 7526 4900
sandrews@axxsysconsulting.com