Creand Wealth & Securities Selects NeoXam GP4 to Modernise Private Asset Fund Accounting

Quick Summary

Creand Wealth & Securities has implemented NeoXam GP4 to centralise its private asset fund accounting operations. This strategic move allows the Luxembourg-based bank to manage both traditional and alternative funds on a single platform, supporting multiple accounting standards including Lux GAAP, US GAAP, and IFRS for enhanced operational efficiency.

How Does NeoXam GP4 Optimise Private Asset Fund Accounting?

Private asset fund accounting requires a sophisticated approach to handle complex valuation logic and structures that traditional tools often fail to manage at scale. NeoXam GP4 provides a modular, end-to-end platform that eliminates the need for separate systems for traditional and alternative vehicles. By centralising data and workflows, Creand W&S can significantly reduce costly operational risks and manual interventions.

• Unified Data Environment: Centralises workflows for both traditional and alternative funds.
• Multi-GAAP Support: Native handling of Luxembourg GAAP, US GAAP, and IFRS.
• Scalable Infrastructure: Built to accommodate rapid growth in private equity mandates.

“NeoXam GP4 lets us run our traditional and alternative funds on one platform, handle the complexity of private assets, and produce Lux GAAP, US GAAP and IFRS figures from a single source. It gives us the operational excellence to continue to scale with confidence,” said Sébastien Leleu, Chief Strategy Officer, Creand Wealth & Securities.

Why is Creand Wealth & Securities Consolidating its Fund Platforms?

The decision to consolidate follows sustained growth in Creand W&S’ fund administration activity. Running fragmented systems for different asset classes creates unnecessary complexity and limits the ability to scale. By adopting a state-of-the-art platform, the firm aims to industrialise its operations before the end of 2026. This transition ensures consistent data across the entire fund range, providing a single source of truth for institutional clients and family offices.

“Private assets demand a fund accounting platform that can absorb sophisticated structures without forcing firms to silo them away from their traditional funds. With GP4, Creand W&S gets exactly that: one platform for the entire fund range, built-in multi-GAAP support, and the ability to industrialise operations as volumes rise,” said Charles Sayac, Managing Director Continental Europe, NeoXam.

What Results Does This Technology Deliver for Asset Servicers?

By standardising on a single solution, asset servicers can achieve industrialised operating models that support high-volume private market activity. The integration of NeoXam GP4 allows for real-time bookkeeping across multiple jurisdictions. This technology currently processes more than €25 trillion in assets daily for over 150 customers globally, proving its capacity to handle the most demanding financial environments.

FF NEWS TAKE:

This partnership highlights the critical shift toward unified fund administration as private markets continue to expand. By integrating private asset fund accounting into a single platform, Creand W&S is effectively removing the silos that have long plagued the asset servicing industry. This move doesn't just improve efficiency; it sets a new benchmark for how modern banks must leverage technology to handle the increasing complexity of alternative investments.