Arcesium, a NYC-based investment management technology and professional services firm, received a strategic investment from J.P. Morgan.
The amount of the deal was not disclosed.
This investment serves to deepen Arcesium’s strategic partnership with J.P. Morgan, including their Securities Services business, a provider of independent fund administration and comprehensive outsourcing solutions to alternative fund managers, asset managers, and asset owners.
Led by Gaurav Suri, CEO, and David Nable, Managing Director and Head of Commercial Strategy, Arcesium is an investment management technology and professional services firm which provides a fully-hosted technology platform, coupled with a team of experienced hedge fund professionals, to offer solutions for the most complex challenges facing asset managers.
Since its launch* in 2015, the firm has grown to support more than $150 billion in assets from a number of leading firms and has more than doubled its global headcount to over 850 staff across offices in New York City and Hyderabad, India.
*The D. E. Shaw group launched Arcesium through DESCOvery, the firm’s incubator for innovation in non-asset management technology businesses and ventures in areas such as fintech, insurtech, and data analytics.
FinSMEs
23/01/2020