Deutsche Bank Extends Use of Axioma's PortfolioPrecision
Optimization Software Now Used Internationally
NEW YORK, May 11, 2004 - Axioma, Inc. today announced that Deutsche Bank's Asset Management Division has implemented Axioma's PortfolioPrecision optimization software in its international operations after successfully using the software for several years in the United States. It was the largest of several major Axioma implementations at leading investment management firms during the quarter.
"We have been using Axioma for the past several years as the optimization tool for our quantitative equity and multi-asset class strategies," said Janet Campagna, managing director-Advanced Research & Quantitative Strategies, at DB Asset Management. "We were originally drawn to Axioma because they offer a complete optimization suite designed for specific use in financial engineering. PortfolioPrecision is extremely fast, and the compiled libraries allow for ease of use across all of our applications.
"In addition, the flexibility Axioma provides helps us to solve many different types of problems quickly and efficiently without the need for a lot of additional work," Campagna added. "Finally, we have found Axioma's research department to be very responsive to our needs and willing to dedicate support to all our requirements as they have evolved. The combination of speed, flexibility and strong customer support has led us to choose Axioma as a cornerstone for our globalization efforts."
Sebastián Ceria, President and CEO of Axioma, said that Deutsche Bank joins the ranks of other leading investment houses that have chosen Axioma as their provider of optimization software. "Deutsche Bank is an early adopter of leading- edge technology and a natural customer for Axioma's innovative solutions," Ceria added.
About Axioma:
Axioma, Inc., headquartered in New York City, is a private company that develops, markets, and implements optimization modeling and decision support software for the financial services industry. The company was founded in 1998, and since then has helped leading financial firms reduce risk, increase returns and improve operational efficiency. PortfolioPrecision™ software is an industry-leading portfolio construction and rebalancing application. "PortfolioPrecision" is a trademark of Axioma, Inc..
For more information about Axioma and decision-support solutions for the financial services industry, please call (800) 558-7983 or visit the company's Web site at www.axiomainc.com.
