Clearwater's Full-Lifecycle
Solution to Administer First Mutual Fund Domiciled in the
Caribbean
BOISE,
Idaho, Aug. 22, 2023 /PRNewswire/ -- Clearwater
Analytics (NYSE: CWAN), a leading provider of SaaS-based investment
management accounting, reporting, and analytics solutions, today
announced that Bank of Saint Lucia
has chosen Clearwater JUMP to power its new mutual fund. A
Clearwater customer since 2014,
Bank of Saint Lucia is a
subsidiary of Eastern Caribbean Financial Holding Company and the
largest bank in Saint Lucia.
By implementing Clearwater's
solution for the investment lifecycle, which includes a managed
service, reconciliation and data aggregation capabilities,
investment accounting, and NAV & CRM tool, Bank of Saint Lucia has a comprehensive solution that
fits their needs.
"Adding Clearwater JUMP to our infrastructure is a game changer
for us," said Medford Francis, Deputy Managing Director at Bank of
Saint Lucia. "Having a robust,
comprehensive solution from a single provider will give us the
sophisticated asset management capability we need to provide our
customers with a broader spectrum of investments, achieve
exponential growth and enhance our position in the market.
With Clearwater JUMP, Bank of Saint
Lucia will have an asset management operations platform,
empowering them to scale rapidly. The bank aims to grow
significantly in size within the next year, positioning itself as a
leading financial institution in the Eastern Caribbean.
"Our long-time customers, including Bank of Saint Lucia, are adding Clearwater JUMP and
deriving tremendous value from modular flexibility and streamlined
investment processes," said Scott
Erickson, Chief Revenue Officer at Clearwater Analytics. "We
are pleased to welcome Bank of Saint
Lucia to our esteemed group of clients who are expanding
their Clearwater footprint to
realize the transformative impact our solutions have on their
investment operations. By launching the industry's first mutual
fund domiciled in the Eastern
Caribbean, Bank of Saint
Lucia is leading the way with a state-of-the-art investment
accounting platform that will help to attract more international
investors while providing an exceptional client experience."
To learn more about Clearwater JUMP, speak to an expert
today.
About Bank of Saint Lucia
Bank of Saint Lucia Limited is a premier financial institution
that serves individuals, corporations and institutions and the
local banking market with a wide range of personal, SME, commercial
and investment banking products and services. With a commitment to
excellence and innovation, Bank of Saint
Lucia is dedicated to delivering exceptional financial
solutions to its clients.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading
SaaS solution, automates the entire investment lifecycle. With a
single instance, multi-tenant architecture, Clearwater offers award-winning investment
portfolio planning, performance reporting, data aggregation,
reconciliation, accounting, compliance, risk, and order management.
Each day, leading insurers, asset managers, corporations, and
governments use Clearwater's
trusted data to drive efficient, scalable investing on more than
$6.4 trillion in assets spanning
traditional and alternative asset types. Additional information
about Clearwater can be found
at clearwateranalytics.com.
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SOURCE Clearwater Analytics