Mondrian Investment Partners has renewed its data management environment with the implementation of Curium Data Systems’ platform. The implementation took three months from initiation to go live early this year and provides Mondrian with control of its security master process and data quality management within its investment operations.
The investment manager previously worked with an in-house developed toolset and considered a number of data management platform providers before selecting Curium to meet its needs for a data quality process across its investment accounting system, the ability to master data processing for key datasets including securities, prices and exchange rates, and good data provenance.
Jason Andrews, investment administration manager at Mondrian Investment Partners, explains: “Having better business controls and oversight of data is a requirement for all firms that want to meet higher standards of data governance and risk management. Curium gives the business users within our data management team enhanced visibility and exceptions based controls over how we master and use data across the firm. The solution also gives us the process and platform we need to ensure our investment accounting structured datasets continue to meet the ongoing needs of the business, and it gives us the opportunity to add other systems and datasets over time.”
Andrew Sexton, sales and marketing director at Curium, says that after implementation of the Curium platform and because it is data agnostic, most users look for their next targets in terms of adding datasets to the platform quite quickly, as Mondrian is expected to do. He comments: “When business users can see and understand how data is constructed and used, and constantly monitor whether it is still fit for purpose, a firm is in much better shape to meet regulatory and governance pressures.”