China’s CITIC Securities Selects NeoXam DataHub for Master Data Management

CITIC Securities, one of the largest securities companies in China, has selected NeoXam DataHub to deliver a master data management (MDM) project covering all its asset classes, business entities and corporate actions.

The solution will be used to collect, clean and process data from Bloomberg, Refinitiv, Wind, Caihui, Juyuan and other data sources, and generate high-quality enterprise-level golden copy data to ensure a single point of truth for all reference data within CITIC Securities.

The relationship between NeoXam and CITIC Securities goes back to 2011 with the deployment of the valuation accounting solution NeoXam GP3, which was renewed in 2016 and 2021. DataHub replaces an existing vendor data management system. Tim Versteeg, managing director APAC at NeoXam, says: “NeoXam Datahub will help CITIC Securities reduce the cost and risk of data operations and maintenance.”