Credit Suisse NEXT Investors' Portfolio Companies, LUX FTS and NorthPoint, Merge to Form Portfolio BI
"Firms today require a highly configurable platform that supports a wide range of assets, transaction types, strategies, third-party vendor data, and workflows. Our solutions empower users to quickly and easily set up new dashboards, visualizations, data browsers, and reports with the necessary data governance to ensure accuracy and integrity of the underlying data," said Jeremy Siegel, CEO of Portfolio BI. "Portfolio BI's complete software offering will create tremendous value and streamline processes for buy-side managers. We are thrilled to be part of the union of LUX FTS and NorthPoint to better serve our clients and the investment industry." Alan Freudenstein, Co-Head and Portfolio Manager of NEXT Investors at Credit Suisse Asset Management said, "With the merger of LUX FTS and NorthPoint, Portfolio BI is able to provide a front-to-back, integrated solution for an expanded client base that now includes multi-asset class asset managers in addition to equity managers. The combined entity will also allow Portfolio BI to further scale its business through cross-selling opportunities, ultimately providing access to a larger addressable market." Candice Sun, Credit Suisse, +1 (212) 325-8226, [email protected] Portfolio BI, [email protected]. We seek to follow a balanced approach to wealth management, aiming to capitalize on both the large pool of wealth within mature markets as well as the significant growth in wealth in Asia Pacific and other emerging markets, while also serving key developed markets with an emphasis on Switzerland. The registered shares (CSGN) of Credit Suisse AG's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York.