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Industry is Experiencing Second Wave of Outsourcing, Says Netik’s Close
The regulatory scrutiny of data quality is driving firms to join in with the second wave of outsourcing that is sweeping the market, according to Colin Close, CEO of hosted data management solution vendor Netik. Close reckons that firms should not wait for standards to be set, either by the regulator or bodies such as…
DST Global Solutions’ Harries Discusses His New Risk Management and OTC Derivatives Focused Role
Following the appointment of Geoff Harries as the new global head of asset servicing for its Investment Management Solutions (IMS) business earlier this month, DST Global Solutions is hoping that the ex-Fiserv exec will bring his experience to bear on his new OTC derivatives and risk management focused role. Harries speaks to Reference Data Review 20 days…
SunGard Acquires Hosting 365
SunGard has acquired 365 Hosting Limited, a Dublin, Ireland-based cloud computing and data centre services company which trades as ‘Hosting 365’. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s results. Privately-owned Hosting 365 has built a strong presence in Ireland delivering both data centre…
Strong Governance and Audit Trail is Key in the Data Management Endeavour, Says UBS’ Lux
The challenge of getting a whole firm “into the same boat” and understanding the true benefits of a data management project requires strong leadership and governance from the outset, said Hans Lux, enterprise data architect at UBS Global Asset Management, to the delegation in attendance at TSAM 2010 earlier this week. The importance of data…
Schroders’ Walsh and MoneyMate’s Brennan Discuss Collaboration for Data Quality Improvement
Since its decision to sign up for the MoneyMate investment data management solution in October last year, Schroders has been working closely with the vendor to control the aggregation and cleansing of their product information for presentation on websites. Gerard Walsh, head of change management for the web and customer relationship management (CRM) at Schroders,…
Landesbank Berlin Investment Goes Live with DVS Fund Warehouse
Princeton Financial Systems (PFS), a solution provider to the global investment industry, reports a successful project completion. The Landesbank Berlin (LBB) and the Landesbank Berlin Investment (LBB-INVEST) have chosen the fund-specific data management platform DVS Fund Warehouse (DVS) together with PFS’ reporting solution DVS Publisher Suite for their fund reporting. They went live with both…
EDM Market Experiencing a Strong Start to the Year, Says Asset Control’s Enfield
Since the launch of its AC Invest solution in October last year, the enterprise data management (EDM) solution vendor has witnessed an uptick in client interest in its new compliance focused offering, according to Rick Enfield, product business owner of the vendor’s AC Plus solution. The shift from approaching data management as a technology problem…
Options Clearing Corporation Board Of Directors Welcomes New Member
The Options Clearing Corporation (OCC) announced today the appointment of a new member to its board of directors. The newly appointed director is John Willian, global co-head of Prime Brokerage, Clearing, Electronic Trading, and Futures at Goldman Sachs. Willian replaces Mitchell Lieberman who has retired. “The board welcomes our distinguished new member,” said Wayne Luthringshausen,…
Mizuho’s Tweddle Stresses Importance of Data Ownership for Improvement in Quality
Simon Tweddle, director of risk management at Mizuho International, is a firm believer in assigning data ownership in order to effectively monitor data quality across a financial institution. Speaking at last week’s Thomson Reuters event in London, Tweddle explained that Mizuho has recently put the management of its global reference and market data back on…
SIX Telekurs’ 2009 Results Confirm Reference Data Biz Remains Bright Spot
Following on from the relatively robust performance of rival Thomson Reuters’ Enterprise division and Interactive Data’s overall performance last year, SIX Telekurs has added to the optimism in the reference data market with the announcement of a 2009 revenue increase of 1.8% on previous year’s figures for the reference data and valuations part of its…