MThree Consulting named Murex resourcing and implementation partner

MThree Consulting has signed a partnership agreement with Murex, a supplier of technology solutions to the financial services industry. As part of the alliance, the London based IT consultancy will support the delivery of MX.3, Murex’s technology platform for the capital markets. 

Founded in 1986, Murex is one of the larger software solutions providers to the financial services industry, with more than 45,000 users. The firm’s most advanced platform, MX.3, is used by banks, clearing houses and brokers, commodity trading businesses and public financial institutions in 60+ countries for running trading, hedging, funding, risk management, treasury or processing operations, among others.

The firm’s partner programme, similar to the approach followed by other large software providers such as SAP or Oracle, was established to bring Murex experts together to support the system’s users with the full life-cycle of products and services, from design and implementation to continuous improvement and managed services. “With a robust network of trusted partners Murex is able to serve clients across the globe, offering a high level of service, while reducing the Total Cost of Ownership (TCO) of its platform on the long run,” states Paris-headquartered Murex on its corporate website. The latest firm to join Murex’s partner programme is MThree Consulting, a Canary-Wharf-based financial services consultancy specialised in IT and financial markets. The agreement sees MThree Consulting become an official ‘Resourcing Partner’ of Murex – one of the three partner categories of the solutions firm, the other being ‘System Integrators and ‘Connectivity and Technology Providers’.

Alumni Pro for Murex (APMx)

Building on the success of its established “Alumni” programme, MThree Consulting will work with Murex, their clients and system integrators, to provide a new consultant tier who will be trained to deliver on MX.3 projects internationally under the brand Alumni Pro for Murex (‘APMx). MThree’s Alumni existing programme (APM) provides the firm’s clients with a young professional consultant base trained in a variety of technical and business disciplines, such as software development, business analysis application support, and information security. Alumni consultants are trained by MThree’s in-house subject matter experts, and placed on-site at clients with continued support from the firm’s more experienced team. Since launching, Alumni consultants have been staffed at organisations across the UK, North America, France, Hong Kong, Johannesburg, and Sydney.

APMx will see MThree take professionals with a minimum of two years of experience within capital markets and provide them with 5-7 weeks of intensive training on MX.3 at its academy in London. By building on knowledge gained from prior working engagements, and using certified Murex material, the new edition of APM will provide APMx advisors with a practical and active training on Murex’s MX.3 platform, preparing them for the engagements they will be carrying out in the real world. The firm’s Murex specialists will work among others on the implementations, new product extensions and the deployment of upgrades / new features. 

Upon completion of their MX.3 training, APMx consultants will be assigned to an MThree client, where they may spend up to two years working on the platform, before being given the option of joining the client on a permanent basis. Among the companies leveraging Murex’s solutions are ATB Financial, China Merchants Bank, LCH SwapAgent, Bankdata, IKB Deutsche Industriebank and UniCredit. According to Philippe Galin, senior alliance manager at Murex, the creation of the APMx consultant tier with the UK consulting firm represents a win-win for both parties, enabling MThree to develop highly skilled and sought after MX.3 specialists, while Murex and its clients will benefit from the value delivered by the skilled experts. “Thanks to their former experience in capital markets, complemented with an intensive training on our platform, APMx will have the right profile to implement and support MX.3 at our clients in an efficient manner.”

Alex Headley, CEO of MThree Consulting, which recently also was appointed an official supplier to the Crown Commercial Service, said that becoming an official partner with Murex represents a significant opportunity for MThree. “It enables us to work extensively within our existing client base, as well as with new clients, adding value to their MX.3 teams across global financial centres. The partnership broadens the services and solutions we can now provide, and we look forward to working with Murex over the coming years.”

Murex partners

MThree Consulting is, together with UK technology consultancy FDM, one of the only two ‘Resourcing Partners’ of Murex. Other consulting firms that have qualified as a Murex partner include Accenture, Capco, Excelian Luxoft Financial Services, Synechron, Capgemini, d-fine, Indigo Consulting, Sapient Global Markets and Varrlyn, which qualified in January this year.