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Paul Charie, Commcise

Groupama Asset Management implements CommciseBUY for commission sharing and research payment life-cycle

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Groupama Asset Management (Groupama AM), the Paris based subsidiary of the insurance company Groupama, has completed the implementation of CommciseBUY, a hosted solution providing multi-asset integrated commission management and research valuation.

Groupama Asset Management has deployed CommciseBUY to support the full process life-cycle. This includes: commission reconciliation with Commission Sharing Agreement (CSA) brokers; sweeping of accrued CSA balances to the Research Payment Account (RPA); management of RPA; research budgeting and valuation; broker voting and payments; and MiFID II reporting, including fund-level research cost allocation.
 
Eric Heleine, Deputy Head of Trading at Groupama AM, says: “CommciseBUY was selected after a detailed selection process, focused on ensuring we would meet the new AMF research regulations driven by MiFID II.” He added, “Commcise is the best match to our requirements and we received positive references from other Commcise Paris-based clients, who have used Commcise for several years.”
 
The implementation was undertaken by a joint Commcise and Groupama AM project team, including integration with Groupama AM upstream and downstream systems.
 
Paul Charie (pictured), Commcise Global Head of Sales, says: “We are delighted to add Groupama AM to our impressive list of French clients. Groupama AM’s deep understanding of the changes in the research management business process that are required by MiFID II has ensured that our joint implementation team has achieved the system go-live in line with the timetable. We look forward to continuing to build a long-term business relationship with Groupama AM as our industry evolves in the coming years.”

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