AsiaNet  87727

NEW YORK and LONDON and HONG KONG, Jan. 27, 2021 /PRNewswire=KYODO JBN/ --

-- Firm reports double-digit growth in APAC as Chinese managers turn to

Enfusion's cloud software to optimize efficiency

Enfusion (

https://c212.net/c/link/?t=0&l=en&o=3043793-1&h=436521527&u=https%3A%2F%2Fwww.enfusionsystems.com%2F&a=Enfusion

), the leading provider of cloud-based investment management software,

announced today a record number of 14 new clients in China and overall

double-digit growth in Asia Pacific (APAC) in 2020. Enfusion's growth

underscores the increasing demand among international institutional and

alternative investment managers looking for robust platforms to support

domestic and global trading.

Logo - https://mma.prnewswire.com/media/660825/ENFUSION_Logo.jpg

The newly signed Chinese managers represent an additional USD $7.4BN in assets

under management (AUM) that will run through Enfusion's cloud-native SaaS

software.  New Chinese clients include Orient Securities International

Financial Group Limited, Yaozhi Asset Management International Co., Limited and

China Securities (International) Finance Holding. Ping An of China Asset

Management (Hong Kong) Company Limited, the asset management arm of Ping An

Insurance (Group) Company of China, is also among the new clients signed and

will utilize Enfusion's portfolio management solutions and accounting offerings

across 19 funds.

As more Chinese investors seek out offshore investments, a new wave of

operational challenges has emerged. Traditionally reliant on domestic

investment platforms, many Chinese managers now find their systems unable to

accommodate the diverse nature of their onshore and offshore investments,

forcing them to use disparate systems which are cumbersome, error-prone and

take valuable time away from the investment process. Many institutional

managers have since turned to Enfusion to streamline this process across the

front-middle-and back office, ultimately providing the accuracy, transparency

and efficiencies needed to support rapid international expansion.  

"We have been watching the changes in the Chinese market and are confident that

our solutions will continue to equip investment managers with the tools needed

to diversify their strategies, manage risks and exceed investor demands," said

Thomas Kim, CEO of Enfusion. "Our ability to deploy and operationalize systems

quickly, especially during times of high growth is a competitive advantage

we're proud to provide our global clients, including those in China."

China Securities (International) Finance Holding said, "We needed a

front-to-back solution to react more quickly to market opportunities. Previous

manual processing ended up causing high costs, more time, and human errors. To

scale the business growth while reducing operational risk, we decided to

leverage technology to prevent manual intervention."

In addition to the growth in China, Enfusion signed and onboarded a record 58

new fund managers in APAC, totaling USD 21BN AUM. Enfusion's growth in APAC

comes at a time when the industry is facing massive fee compression and

uncertainty on the heels of the global pandemic. As the search for alpha

becomes more complex, managers are rethinking their technology stack to reduce

cost and mitigate risk.

"As the shifting geopolitical and economic landscape enhances cost pressures

for institutions in the market, our cloud-native SaaS offerings can help

managers realize ROI more quickly and with shorter implementation cycles than

alternatives hosted on-premise, ultimately unlocking efficiencies and resources

across the entire organization," said Bob Feng, Enfusion's Head of APAC. "We

are encouraged by the growing number of APAC managers welcoming our cloud

solution and single dataset approach and look forward to building on this

growth in 2021."

About Enfusion

Enfusion's investment management software-as-a-service platform removes

traditional information boundaries, uniting front, middle and back-office teams

on one cloud native system and across one golden data set. Through our

industry-leading software, analytics, and middle/back-office managed services,

we create enterprise-wide cultures of real-time, data-driven intelligence,

boosting agility, and powering growth.

As a Fintech leader and pioneer in developing innovative solutions, Enfusion

partners with 500+ investment managers from nine global offices spanning four

continents. In 2020, HFM named Enfusion as the "Best Overall Technology Firm",

"Best Trading & Execution Technology", "Best Integrated Solution" and "Best

Managed Services Provider". For more information about its technology and

Managed Services capabilities visit: https://www.enfusion.com/.

SOURCE:  Enfusion

CONTACT: Lorelei Skillman

         Chief Marketing Officer

         lorelei.skillman@enfusionsystems.com