The latest client win news from NeoXam for you;
Creand Wealth & Securities (“Creand W&S” hereafter), the Luxembourg-based Asset Servicing & Wealth Management banking arm of the international Creand Group, has selected NeoXam GP4 as its fund accounting platform for Private Assets. The move sees Creand W&S replace its incumbent system on this scope and extend its long-standing relationship with NeoXam, choosing a single platform to administer both traditional and alternative funds as the business grows.
Reflecting sustained growth in its fund administration activity, Creand W&S set out to industrialise its operations around a state-of-the-art fund accounting platform built for the demands of private markets. Private assets bring structures and valuation logic that standard fund accounting tools struggle to handle at scale and running separate systems for traditional and alternative vehicles adds cost, complexity and operational risk. Creand W&S wanted a single platform robust enough to accommodate its growing private equity activity while keeping every fund — traditional and alternative — on the same operational footing.
Creand W&S has chosen NeoXam GP4 because it covers the requirements of its private equity business evolution while bringing traditional and alternative funds together under one roof. Deployed on-premises, GP4 gives Creand W&S a modular, end-to-end fund accounting platform that can manage sophisticated private-asset products, centralise data and workflows in a single environment, and support multiple accounting standards — Luxembourg GAAP, US GAAP, and IFRS — within the same solution. The result is a more industrialised operating model: fewer manual interventions, consistent data across the fund range, and the capacity to scale as new mandates come on board.
Go-live is targeted before year-end. By standardising on GP4, Creand W&S expects to further industrialise its fund administration processes, manage complex private-assets products with confidence, and benefit from a single, centralised platform spanning its entire fund range — with multi-GAAP reporting handled natively rather than bolted on.
“As our private assets activity grows, we needed to industrialise the way we administer funds rather than keep adding systems and manual workarounds,” said Sébastien Leleu, Chief Strategy Officer, Creand Wealth & Securities. “NeoXam GP4 lets us run our traditional and alternative funds on one platform, handle the complexity of private assets, and produce Lux GAAP, US GAAP and IFRS figures from a single source. It gives us the operational excellence to continue to scale with confidence.”
“We are delighted that Creand W&S has chosen NeoXam GP4 to support the growth of its private-assets business,” said Charles Sayac, Managing Director Continental Europe, NeoXam. “Private assets demand a fund accounting platform that can absorb sophisticated structures without forcing firms to silo them away from their traditional funds. With GP4, Creand W&S gets exactly that: one platform for the entire fund range, built-in multi-GAAP support, and the ability to industrialise operations as volumes rise. We are proud that this win establishes a new reference for Private Assets administered on GP4.”
NeoXam GP4 is a modular, end-to-end investment and fund accounting platform for asset owners, asset managers and asset servicers. It delivers centralised, real-time bookkeeping across multiple jurisdictions and accounting standards, with extensive workflow automation and native coverage of both traditional and alternative assets — giving institutions a single source of truth for their entire fund range.
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