Apex Group, a global fund administrator, has selected GoldenSource to deliver a centralised pricing and reference data service based on the vendor’s enterprise data management (EDM) software-as-a-service (SaaS) solution.
The fund administrator delivers a broad range of services to asset managers globally and intends to use GoldenSource’s centralised pricing and reference data service to support operations as the business scales. It also plans to use the GoldenSource platform and application services to smooth out the onboarding of other data types, such as transaction data, that will be used to gain a harmonised view of the group’s data assets. This will enable the onboarding of further acquisitions to the centralised data repository and make reporting available across the group.
Chris Mulhern, global head of operational strategy at Apex, says: “Integrating the data infrastructure of separate businesses is no simple task. We’re looking to standardise, streamline and reduce point-to-point integrations, duplication and the need for reconciliations. A centralised data infrastructure is the best way forward for us, so with GoldenSource we can continue along our growth trajectory with greater ease.”