Clearwater Analytics doubles UK and European team to 300
The investment and regulatory reporting platform is facing increased demand from European financial institutions.
Clearwater Analytics is setting up operations in France, Germany, and the Netherlands as it builds on its success in the UK and European market. The plan is to double the presence in the region by hiring a mix of product, sales, and operations professionals to expand services and expertise to its clients in Europe.
The market-leading SaaS provider of investment accounting and analytics currently boasts a team of 150 based in London and Edinburgh. Gayatri Raman, Managing Director, EMEA and APAC, is heading the European expansion.
Sandeep Sahai, Chief Executive Officer at Clearwater, said: “With some of the largest European financial institutions moving over to Clearwater, we see a tremendous opportunity to serve our clients in their local geographies. We remain 100% focused on bringing our clients the best solutions and service quality in the world.”
Jim Cox, Chief Financial Officer at Clearwater, added: “Our client base in Europe is expanding rapidly and our investment in Europe enables Clearwater’s vision of becoming the world’s most trusted and comprehensive technology platform for investment accounting and analytics.”
Clearwater replaces multiple data management, accounting, and reporting solutions in a one-stop-shop that reconciles data and daily reporting. Stat, GAAP, tax, risk, and regulatory reporting are all generated in a platform that reports on more than $5.5 trillion in assets for clients.
The web-based investment and regulatory reporting platform is used by some of the world’s leading names in finance such as J.P. Morgan. It provides automated portfolio book-of-record accounting, daily investment policy compliance monitoring, performance tracking, risk analytics, and a variety of buy-side tools for insurers, investment managers, corporations, and other institutional investors.