NeoXam announced a collaboration with Lion Global Investors, one of the largest asset managers in Singapore, to centralize and optimize the asset management company’s investment data and performance reporting across middle and back office operations.
The aim is to enable greater accuracy and timeliness in client reporting by centralizing LGI’s market and reference data, investment accounting and performance data. NeoXam’s cloud-native, integrated Investment Data Solution SaaS offering will enhance LGI’s operation via a single source of truth for its investment data across all asset classes, facilitating greater automation through its data management pipeline and client reporting process.
This collaboration represents another significant milestone for NeoXam in APAC, which has proven to be a key market within the company’s global expansion strategy. The deal signifies a growing demand for NeoXam’s data management technology and solutions within this expanding market.
Tim Versteeg, managing director for APAC at NeoXam, said in a statement: “Given the region’s rapidly evolving financial landscape, it’s imperative that financial institutions ensure they have access to accurate and reliable data for the seamless functioning of its middle and back-office operations. NeoXam’s solutions will bolster LGI’s data and reporting infrastructure, solidifying its reputation as one of the leading asset managers in Southeast Asia.”
James Tan, COO at Lion Global Investors, said in a statement: “By leveraging NeoXam’s cutting-edge technology, we’re providing our teams with seamless access to uniform investment and reference data, enhancing investment precision and performance reporting. This strategic collaboration underscores our dedication to innovation, reinforcing LGI’s commitment to delivering efficiency in its investment operations to clients in Singapore and the region.”