ICAP acquires ENSO Financial Analytics
14 April 2016 London
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ICAP has finalised its acquisition of ENSO Financial Analytics, a data analytics platform for hedge funds and prime brokers.
ENSO will become a subsidiary of ICAP’s post-trade risk and information division (PTRI).
Matthew Bernard, Michael Gentile, and Dwaine Alleyne, ENSO’s founders, will remain in leadership positions and report to Jenny Knott, CEO of PTRI.
ENSO’s team of prime brokerage, asset management, technology and data specialists deliver identifiable and measurable operational insight on counterparty credit risk, collateral management, and portfolio financing and treasury functions
With more than $1 trillion in total assets under advisory, ENSO provides operational insights and key analytics to many of the world’s most successful fund managers, according to ICAP.
The move was headed by Euclid Opportunities, ICAP's early-stage fintech investment incubator, founded by Steve Gibson in 2011.
Euclid made its first investment in ENSO in June 2013, followed by a subsequent investment in October 2014 to enable further growth of the business.
ENSO will join an extensive roster of acquisitions by Euclid Opportunities, including AcadiaSoft, an industry collaboration to automate collateral management, Digital Asset Holdings, a developer of distributed ledger technology, Abide Financial, a global regulatory reporting specialist, Duco, a global provider of data control services, and OpenGamma, a risk analytics platform.
ICAP’s Knott commented: “Our clients are seeking solutions to the structural trends of regulation, electronification and standardisation that are driving change throughout the industry.”
“We feel ENSO perfectly complements our existing post trade client offerings and we are very excited about the synergies and many opportunities we see to expand our products and analytics services to the hedge fund and the buy side community.”
ENSO’s Bernard added: “In today’s rapidly changing financial and regulatory environment, the treasury and portfolio financing functions within a hedge fund become paramount roles.”
“ICAP’s initial investments helped us expand in the US and UK, while continuing to invest in new product generation. Being part of the ICAP platform will propel our expansion and innovation strategy even further.”
ENSO will become a subsidiary of ICAP’s post-trade risk and information division (PTRI).
Matthew Bernard, Michael Gentile, and Dwaine Alleyne, ENSO’s founders, will remain in leadership positions and report to Jenny Knott, CEO of PTRI.
ENSO’s team of prime brokerage, asset management, technology and data specialists deliver identifiable and measurable operational insight on counterparty credit risk, collateral management, and portfolio financing and treasury functions
With more than $1 trillion in total assets under advisory, ENSO provides operational insights and key analytics to many of the world’s most successful fund managers, according to ICAP.
The move was headed by Euclid Opportunities, ICAP's early-stage fintech investment incubator, founded by Steve Gibson in 2011.
Euclid made its first investment in ENSO in June 2013, followed by a subsequent investment in October 2014 to enable further growth of the business.
ENSO will join an extensive roster of acquisitions by Euclid Opportunities, including AcadiaSoft, an industry collaboration to automate collateral management, Digital Asset Holdings, a developer of distributed ledger technology, Abide Financial, a global regulatory reporting specialist, Duco, a global provider of data control services, and OpenGamma, a risk analytics platform.
ICAP’s Knott commented: “Our clients are seeking solutions to the structural trends of regulation, electronification and standardisation that are driving change throughout the industry.”
“We feel ENSO perfectly complements our existing post trade client offerings and we are very excited about the synergies and many opportunities we see to expand our products and analytics services to the hedge fund and the buy side community.”
ENSO’s Bernard added: “In today’s rapidly changing financial and regulatory environment, the treasury and portfolio financing functions within a hedge fund become paramount roles.”
“ICAP’s initial investments helped us expand in the US and UK, while continuing to invest in new product generation. Being part of the ICAP platform will propel our expansion and innovation strategy even further.”
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