The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Data Management Approaches for the Buy-Side

Buy-side firms challenged by the need to manage more data, increase data quality, address margin pressures and identify new business opportunities are investing in transformational data management programmes that will catapult their capabilities ahead of those of comparable sell-side firms.

Buy-side approaches to data management and their progress were discussed during a recent A-Team Group webinar that was moderated by A-Team editor Sarah Underwood and joined by Marla Dans, director at Alvarez & Marsal Corporate Performance Improvement; Naomi Clarke, head of data at GAM; Claire Frankel, former executive director at JPMorgan Chase; and John Randles, CEO at Bloomberg PolarLake.

The speakers set the scene noting the buy-side need for improved operational efficiency to ease pressure on margins. To achieve this, they said Tier 1 and Tier 2 asset managers are investing in transformational data management programmes that will put them ahead of sell-side firms as data management is less complex on the buy-side, fewer mergers and acquisitions have added to the complexity, and many firms are contracting data management as a service.

For those implementing data management in house, a poll of the webinar audience showed respondents struggling with too many data silos, poor quality data, lack of understanding of the data, and building a data management framework. Dans added the problems of manual processes, identifying data ownership and achieving golden source data.

Acknowledging these problems, Clarke said that if asset managers address data silos, they could leapfrog the sell-side. She also mentioned the need for more data standardisation and application programming interfaces (APIs) or integration layers to support development. Randles described the benefits of working with data management utilities to ease the data management burden and improve data quality, while Frankel said data quality can be achieved by setting policy before implementing tools.

The webinar went on to discuss the potential benefits of investment in data management, while an audience poll showed over 60% of respondents expecting to gain significant business and operational benefits. Final advice to buy-side data management practitioners included winning senior management buy-in for strategic data management programmes, setting clear objectives, bringing in the best personnel, and executing on strategy.

Listen to the webinar to find out more about:

  • Buy-side progress on data management
  • Transformational and tactical approaches
  • Data management challenges and solutions
  • Business and operational benefits
  • Expert advice for practitioners

Related content

WEBINAR

Recorded Webinar: MiFID II trading technology requirements – what’s worked and what hasn’t?

Don’t miss this opportunity to view the recording of this recently held webinar. The incredible breadth of coverage of Markets in Financial Instruments Directive II (MiFID II) always meant there were going to be workarounds. Now that the implementation deadline of January 3, 2018 has passed, how did the marketplace fare in its attempts to...

BLOG

A-Team Group Introduces 2021 Innovation Awards

Here at A-Team Group we have been working hard on plans to celebrate innovative projects and teams with the launch of our A-Team Innovation Awards. The awards are designed to reward teams that have found innovative ways to make use of new and emerging technologies to solve challenges at financial institutions in capital markets. The...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Evaluated Pricing

Valuations and pricing teams are facing a much higher degree of scrutiny from both the regulatory community and the investor community in the glare of the post-crisis data transparency spotlight. Fair value price transparency requirements and the gradual move towards a more harmonised accounting standards environment is set within the context of the whole debate...