A-Team Insight Blogs

New York Equity Manager Pzena Investment Management Selects IHS Markit EDM

Share article

Pzena Investment Management, a $37 billion equity manager based in New York, has signed up to use IHS Markit’s Enterprise Data Management (EDM) solution to master securities and issuers. In future, it also plans to use the solution as a data hub for prices, accounts and other entities.

IHS Markit EDM will validate data from Pzena Investment Management’s multiple data providers before distributing it to the firm’s proprietary research platform, as well as to its order management system, accounting and warehouse solutions. The solution will also help the asset manager create a single version of the truth and will provide a transparent audit trail for all data assets.

The firm considered several EDM providers after reviewing its internal data and operations, and deciding it was time to invest in an EDM solution. Evan Fire, chief information and operations officer and chief information security officer at Pzena Investment Management, says IHS Markit was selected on the basis of its ability to meet all the firm’s unique needs and its established presence in the North American market.

The IHS Markit platform is also expected to support a strategic approach to data management at the asset manager and help to solidify a foundation for future automation and increased operational efficiency.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Recorded Webinar: Approaches to driving successful digital transformation with data management in financial services

Date: 27 February 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET Digital transformation is the key to unlock a wide range of benefits including evidence-based decisions, improved customer service, lower processing costs, greater efficiency and reduced operational risk. The data quality and governance required to underpin digital transformation initiatives is in itself a...

BLOG

SimCorp Launches Buy-Side Managed Data Service

SimCorp, a provider of investment management solutions, has launched a new managed data service for the global buy-side in collaboration with Zurich Insurance Group and global buy-side institutions from its existing client community. Aiming to offer operational efficiency, data advisory and multi-asset class coverage in one data management solution, the managed service provides validated data...

EVENT

RegTech Summit New York City

Now in its 4th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...