AIM Software is building its client base in North America with the selection of its GAIN enterprise data management (EDM) software by Conning, a global investment management firm headquartered in the region. The investment management company is implementing three GAIN modules covering security master, portfolio pricing and corporate actions as part of a drive to realise its 10-year strategic growth plan.
Maurice Heffernan, chief information officer at Conning, says: “We selected AIM Software because of its focus on the buy side and its productised approach. GAIN will serve as a data quality firewall that powers our downstream systems and operations with high quality data. It will also provide a centralised point of control for all of our data sources.”
Brian Baczyk, chief data officer at Conning, adds: “The platform will provide us with both the governance and agility required to manage business change and execute on our strategic growth goals.”
Conning will use the GAIN business applications as a centralised data hub to streamline the sourcing, scrubbing and validation of its security, pricing and corporate actions data, and to sustain data lineage and data governance. GAIN will be integrated with Conning’s IBOR and ABOR systems to deliver consistent and reliable data across all functions.
The deal complements AIM Software’s expansion in North America earlier this year, when it recruited a number of senior executives including Sanjay Vatsa, head of Americas. Commenting on the addition of Conning to the company’s client portfolio, Vatsa says: “We are pleased to welcome Conning to the AIM Software user community and to be playing a key role in the realisation of its growth strategy.”
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