Unigestion, a Geneva headquartered asset manager, has selected AIM Software’s GAIN enterprise data management (EDM) platform and business applications to provide an integrated front-to-back-office data management and operations solution. The selection of GAIN plays into the asset manager’s recent decision to implement SimCorp’s Dimension, an investment management platform that has already been integrated with GAIN by AIM and SimCorp.
Unigestion selected the AIM solutions in a competitive process involving a number of EDM vendors, a shortlist of AIM and Markit, and a final proof of concept. Alanh Husson, chief project officer at Unigestion, says: “We have chosen GAIN over its competitors because of its unique strategy to deliver targeted business applications rather than tool-based custom development. In addition, AIM was the only firm to actually address our needs over the complete lifecycle of financial instruments, from pre-trade research to the management of instrument data held in our investment portfolios.”
The asset manager has started to implement both GAIN and Dimension and will deploy AIM business applications covering static reference data, pricing, corporate actions and investment research data as the project moves towards its first milestone of delivering a book of record integrated with GAIN and the AIM business applications by mid-2015. Its ultimate intent is to develop governance across all its business processes and gradually replace in-house built legacy systems with a simplified, efficient and cost effective systems landscape.
Unigestion offers tailor-made investment solutions and manages $16 billion of assets using sophisticated strategies, making it a significant win for AIM, which has secured nine new clients this year – more are in the pipeline – on the strength of its business rather than technology led approach to data management.
Josef Sommeregger, global head of business development and strategy at AIM, explains: “Asset managers are under huge pressure to adopt best practices in a race to attract larger investors’ assets. We see a growing demand from asset managers to industrialise their data activities, so that they can improve business decisions, offer tailor-made investment solutions and, at the same time, reduce operational risks.”