Limina, provider of a cloud-native Investment Management Solution (IMS) for institutional investors, has reported record growth in 2020 as the firm expanded its focus to support mid-sized asset managers with modernising their investment technology.
Already an established name in the hedge fund and alternatives market in the Nordics, with increased presence in EMEA, Limina is now targeting what it believes to be the underserved mid-sized segment of the asset management market with Limina IMS, a cloud-based order management, portfolio management, pre-trade compliance and real-time analytics solution accessible from anywhere in the world.
Interest in modernising workflow solutions allowed Limina to record triple digit growth in 2020 with compound monthly growth of 18 per cent over the year. The solutions provider also added 33 new funds using Limina’s investment management technology across its client base spanning Europe and North America. Limina’s new clients over the past 12 months include Alquity, a London-based asset manager, and Swedish-based Lannebo, which has over USD10 billion AUM.
Building on Limina’s current momentum, Fabien Couderc joins the company as a senior advisor following eight years at Axioma, where he held the positions of Chief Technology Officer and Chief Strategy Officer. Couderc is also a board member and executive advisor of several companies bringing disruptive technologies to their target market in tech and fintech, and previously worked at Societe Generale and Standard & Poor’s. In his role at Limina, Couderc will support COO and founder, Kristoffer Fürst, and CEO Ulf Svensson on implementing the company’s strategic growth plans.
Kristoffer Fürst, COO and co-founder of Limina, says: “Asset managers know they need to modernise their workflows but, for many – particularly mid-sized managers – the roadmap for doing so isn’t clear. Limina was founded on a belief that the answer lies with flexible, intuitive and cloud-based solutions that empower teams rather than limiting them. Our thesis has been validated by the growth we’ve seen in 2020 and I’m excited for the next stage of our journey, working alongside seasoned entrepreneurs and technologists like Fabien to dramatically scale the value that Limina can bring to the industry.”
Fabien Couderc, Limina Board member and Senior Advisor, says: “Limina has the capability and the ambition to fundamentally change relationships that the asset management industry entertains with their infrastructure and their service providers. This is about empowering asset managers to build on their unique values rather than holding them down, as is too often the case. Limina’s philosophy of focusing on the clients’ interactions with the solution, providing amazing business expertise through its staff, while equipping clients with cutting edge and future-proof solutions, resonates with the large part of the industry that wants to build partnerships to drive their digital transformation and be recognised as innovators. After a standout 2020, I’m incredibly enthusiastic about the next phase of growth for Limina this year and beyond.”
