German €26 billion asset manager ditches Barclays analytics system

Quoniam has replaced its Barclays POINT risk platform with Axioma’s technology.

Frankfurt-based buy-side firm, Quoniam, has replaced its Barclays POINT risk and analytics platform with Axioma’s technology.

The Axioma Risk platform will improve the quality of daily risk reporting across the investment firm’s strategies, Axioma said.

The €26 billion asset manager replaced its incumbent tool, Barclays POINT - which Bloomberg acquired in December 2015 - 18 months after its implementation.

Ingo Purwien, COO at Quoniam, explained after an ‘exhaustive review of the market’, “Axioma Risk was best suited to our needs in terms of functionality and flexibility.”

Axioma added that Quoniam’s risk department can now define and customise risk and stress test statistics, enabling the Quoniam risk team to quickly name and quantify risks associated with investments under its surveillance.

Adrian Zymolka, Axioma’s managing director in Germany, commented: “We will now be able to deliver Quoniam an integrated solution that provides the firm with one independent view of investment risk across its front and middle offices.”