00:00 AM
Robeco Group Deploys Pair of Braid Systems
Dutch investment manager Robeco Group recently completed its euro conversion using a pair of systems offered by middleware vendor, Braid Systems. Robeco uses Braid's Messenger secure messaging technology and Gemini matching and reconciliation system to integrate separate applications, extend straight-through processing capabilities and access external messaging and payment networks - including S.W.I.F.T. for connection to custodian banks worldwide.
Formed in 1929, the Robeco group's total assets under management have grown to over $90 billion, more than half of which represents institutional business. Robeco, a firm that traditionally built its own systems, including portfolio management general ledger and client applications, completed its rollout of Braid's offerings late last year to keep pace with industry demands and regulatory requirements.