Confluence doubles sales of ESG solution for investment management industry

Rick Steves

“Whether it is SFDR, PRIIPs, AIFMD or MiFID II, asset managers and owners need a holistic approach to meet regulatory and disclosure requirements while driving down silo data costs.”

Confluence has announced its end-to-end, multi-source, multi-asset class ESG solution has seen client adoptions double in H1 2022 compared to the full year of 2021.

The integrated ESG solution is seeing significant industry adoption following the firm’s acquisitions of Investment Metrics and Compliance Solutions Strategies (CSS), the firm stated.

Confluence helps the investment management industry solve complex investment insight and regulatory challenges, namely helping clients meet global ESG regulatory deadlines and streamline ESG portfolio analysis and reporting.

Chris Riggio, Chief Revenue Officer, Confluence, said: “Whether it is SFDR, PRIIPs, AIFMD or MiFID II, asset managers and owners need a holistic approach to meet regulatory and disclosure requirements while driving down silo data costs. They also need a consistent and streamlined analytics approach to gain investment insights across multiple asset classes, funds and the funds of funds. This is why our clients come to us for our proven front-to-back office solution and our team of experts who monitor and provide guidance on ESG disclosure requirements and changes.”

Confluence’s ESG solution delivers multi-source ESG data and ratings, ESG portfolio analysis for sales and distribution, multi-asset class ESG performance and risk analytics, and ESG risk, client and regulatory reporting (including SFDR pre-contractual, periodic & Article 10 web summary disclosures along with the European ESG Template (EET)), helping our clients gain significant productivity and cost efficiencies.

The firm has 15 offices spanning across the United Kingdom, Europe, North America, South Africa, and Australia.

Confluence in hiring spree

In June, Confluence tapped Sanjoy Chatterjee as Chief Strategy Officer as part of a hiring spree that welcomed Chris Riggio as Chief Revenue Officer and Phillipa McLune as Chief Client Officer.

The company has also been activing in acquiring other business, such as Investment Metrics and Compliance Solutions Strategies (CSS) in late 2021. In fact, it was the acquisition of Investment Metrics that brought Sanjoy Chatterjee to Confluence as he was the founder and Chief Strategy Officer.

His 30-year career will prove valuable to Confluence, which will be able to leverage his experience in innovative technology and expertise to solve clients’ complex business needs.

Confluence Technologies offers a wide range of data solutions pertaining to performance and analytics, risk, regulation, investor, and ESG.  communications.

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