Japan’s largest asset manager, Nomura Asset Management, has completed the first phase of the upgrade of its global investment platform with the rollout of Eagle Investment Systems’ data management solution. The first step of this multi-phase upgrade involved the deployment of the solution from the Bank of New York Mellon subsidiary, Eagle, with a view to centralising and validating the firm’s investment data, explains Koichi Goto, senior corporate managing director of Nomura Asset Management.
“Data is a crucial element of our operations, and Eagle’s platform helps us efficiently manage our data and provides our analysts with a clear and comprehensive view of our business,” says Goto.
The goal of the project was to mitigate risk and increases operational efficiency via the centralisation of its data management functions. The firm wanted to be able to leverage clean and accurate investment data to understand its level of risk and exposure to funds across all portfolios and react quickly to internal and client reporting requirements via access to consistent information across its various investment management systems.
Nomura selected the Eagle solution some time ago, says Goto. “We selected Eagle after an exhaustive evaluation that began in July 2007 and we believe its data management solution is the best in the market. By leveraging Eagle’s extensive experience in integrating multiple data sources and other back office systems, we were able to deliver our initial phase on schedule,” he continues.
The first phase of the project involved automating, cleansing, and centralising the firm’s data for global equity investments so that accurate data in a common format could be leveraged by its other internal systems that perform compliance and trade management functions. In the future, Nomura Asset Management is planning to roll out the same platform to a number of its global offices.