Arcesium Completes Spinoff from D. E. Shaw

NEW YORK--()--Arcesium, a leading edge technology and services company, today announced the completion of its spinoff from the D. E. Shaw group, and its official start as an independently operated firm providing asset managers with software and service solutions for their post-trade activities. The new company has launched with over 350 technology, accounting, and operations staff and is expected to grow to over 400 staff in its New York and Hyderabad offices by the end of 2015.

“July 1 marks the official beginning for our firm in our new headquarters, and we arrived here due to the hard work of hundreds of our staff and the commitment of our anchor clients, the D. E. Shaw group and the Blackstone Group”

“July 1 marks the official beginning for our firm in our new headquarters, and we arrived here due to the hard work of hundreds of our staff and the commitment of our anchor clients, the D. E. Shaw group and the Blackstone Group,” said Gaurav Suri, Arcesium CEO. “Out of the gate, our platform services approximately $40 billion in assets, and we are pleased to report that our advanced platform of software and services has attracted significant interest from a wide variety of asset managers.”

Arcesium’s fully hosted technology platform offers asset managers sophisticated post-trade support for the various activities of the post-trade lifecycle—including security master maintenance, trade capture, asset servicing, treasury functions, pricing-related services, and portfolio data warehousing—in a highly automated and secure manner. Arcesium’s service offering complements its technology platform with robust, exception-driven processes that effectively balance efficiency and control. The platform, which was refined by the D. E. Shaw group over many years, is able to address a wide array of asset classes, fund structures, collateral, and pricing methodologies, as well as a large number of trading venues and counterparties. Arcesium’s software and service offerings can be integrated with the systems of other service providers its clients may use, including those of industry-leading fund administrators.

For additional inquiries, please contact info@arcesium.com.

Please visit www.arcesium.com for current and additional information about Arcesium.

Contacts

Media:
Kekst and Company New York
Anntal Silver, +1 212-521-4849
anntal-silver@kekst.com

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