Location: New York, NY
Industry: Financial technology, focusing on portfolio analytics and risk management
WORTH THE RISK
Axioma, Inc. is the leading provider of innovative risk-management and portfolio-construction solutions to financial institutions worldwide. The company’s tools are used by seven of the top 10 U.S. asset managers, as ranked by assets under management, and relied upon by thousands of clients globally. Axioma is distinguished by its emphasis on innovation, outstanding service and state-of-the-art open-platform technology, giving its clients more choice, greater flexibility and increased performance.
Quick Tip: “One of the most important things I’ve learned is the power of telling a story. The ability to tell a story that convinces a client to take the leap.”
One factor that led to Axioma’s growth was the global financial crisis, which not only exposed the need for better risk models, but the importance of risk management as a whole. While Axioma was still the new kid on the block, it was seen as the innovator in the portfolio optimization and risk-model space at a time when innovation was desperately needed. The company was also aided by the fact that things were getting tough for financial institutions. Margins were getting thinner, competition was increasing, and the business itself was becoming more and more complex. As things got tough and issues like scalability and getting the most out of people and tools became important, clients began searching for innovative solutions that could give them an edge. This all played directly to Axioma’s strengths.