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Renaissance Capital Deploys Calypso

Emerging markets investment bank Renaissance Capital has deployed the Calypso back-office platform for its operations.

According to a press statement, the first phase of Calypso roll-out covers American Depository Receipts and Global Depository Receipts. It aims "to provide increased automation and operational consolidation as well as to integrate the Calypso platform into Renaissance Capital's existing IT landscape as a sound foundation for future business lines."

"The decision to upgrade our back-office operations was driven by rapidly increasing trade volumes which necessitated greater automation and coordination of back office tasks," says Adam Mitchell, Renaissance Capital's Chief Information Officer.

"Given Renaissance Capital's expansion, it was vital we had a proven solution that could be easily implemented for current needs and expand to meet future growth objectives," adds Andrey Burilov, Renaissance Capital's Head of Operations and Compliance.

Phase one of the project was completed in less than 12 months. Renaissance Capital is currently in the process of completing the second and third phases of the project with expected go-lives throughout 2012. These phases will cover additional asset classes: FX/MM, fixed income, derivatives, repo and equities; and functionality such as cash management and client accounting.

Renaissance Capital is a leading investment bank focused on the emerging markets of Russia, the CIS, Eastern Europe, Asia and Africa. The Firm also offers its clients access to these markets through financial centers such as London, New York and Hong Kong.

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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