NEW
YORK, July 27, 2022 /PRNewswire/ -- Arcesium, a
leading global financial technology firm, announced today it has
partnered with State Street Fund Connect ("Fund Connect"), a global
trading and analytics platform. Through this strategic alliance,
Arcesium and Fund Connect will introduce new capabilities to
provide mutual clients with a consolidated view of their cash
portfolios and a single point of access to multiple markets and
fund providers.
With the support of Arcesium's advanced Treasury Suite and Fund
Connect's industry connectivity, the integration is designed to
streamline workflows for the companies' mutual clients. As a
result, users can manage cash and payments within one ecosystem,
interact with global digital liquidity networks for short-term
investments, and reduce operational overhead.
"By taking a data-first approach, Arcesium helps clients
maximize capital efficiency, enhance returns, and minimize risk.
We've designed our capabilities and advanced decision-making
toolkit to help institutional investors simplify and modernize
their workflows. In partnering with State Street Fund Connect, we
aim to help clients seamlessly manage and monitor their cash
portfolios," said David Nable, Head
of Client and Partner Development at Arcesium.
Arcesium's seamless integration with Fund Connect will also
enable clients to access a variety of major money market fund
products. These new cash management capabilities will help clients
better identify where balances are located across counterparties,
accounts, regions, and time zones, to confidently deploy their
liquidity quickly and effectively.
"We are excited to form this relationship with Arcesium to help
power the cash management capabilities of Arcesium's Treasury
Management suite," said Gregory P.
Fortuna, CFA, Head of Global Link at State Street. "Fund
Connect's 20-year+ history as an innovative and agnostic technology
solution is a natural fit to provide a seamless front-to-back
solution for efficient and streamlined management of client
short-term portfolios."
About Arcesium LLC
Arcesium is a leading financial technology firm, delivering
post-investment and enterprise data management solutions to some of
the world's most sophisticated financial institutions, including
hedge funds, banks, institutional asset managers, and private
equity firms. Expertly designed to achieve a single source of truth
throughout a client's ecosystem, Arcesium's cloud-native technology
is built to systematize the most complex workflows and help clients
achieve scale.
Building on a platform developed and tested by investment and
technology development firm, the D. E. Shaw group, Arcesium was
launched as a joint venture with Blackstone Alternative Asset
Management. J.P. Morgan, another large client, later joined as our
third partner. Today, Arcesium services over $675 billion in global client AUM with a staff of
over 1,700 software engineering, accounting, operations, and
treasury professionals.
For more information about Arcesium and our capabilities, please
visit www.arcesium.com and be sure to follow us on LinkedIn.
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $38.2
trillion in assets under custody and/or administration and
$3.5 trillion* in assets under
management as of June 30, 2022, State
Street operates globally in more than 100 geographic markets and
employs approximately 40,000 worldwide. For more information, visit
State Street's website at www.statestreet.com.
*Assets under management as of June 30,
2022 includes approximately $66
billion of assets with respect to SPDR® products for which
State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts
solely as the marketing agent. SSGA FD and State Street Global
Advisors are affiliated.
Contact:
Reshma Kabani
(646) 386-0300 #1016
reshma.kabani@arcesium.com
Todd Fogarty, Kekst CNC
(212) 521-4854
todd.fogarty@kekstcnc.com
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SOURCE Arcesium