A-Team Insight Blogs

Western Asset Management Replaces In-house Built Apps with IHS Markit EDM

Share article

Western Asset Management Company, a $450 billion global fixed income asset manager based in Pasadena, California, has selected IHS Markit’s Enterprise Data Management (EDM) solution delivered as a managed service. Western Asset will use EDM to master core datasets including securities, prices, benchmarks and counterparties.

Kevin Brennan, head of investment operations at Western Asset, says: “Transforming our operations and making data an asset are central to operational strategy. The EDM platform will provide a single integrated platform to master core data, creating greater leverage in our business model and allowing us to focus more time on other aspects of our operational infrastructure.”

IHS Markit EDM will replace internally built applications, enabling Western Asset to centralise data management practices and improve operational efficiency. The managed service, which runs on Amazon Web Services, will give the business more control over the firm’s data assets with less reliance on technology teams.

Andrew Eisen, global head of EDM and thinkFolio at IHS Markit notes that asset managers facing challenges of rising costs and regulation are looking for ways to become more efficient. On Western Asset, he says: “By centralising its data management in the cloud, Western Asset will achieve greater operational efficiency and the business will be able to make faster decisions based on timely, high quality data.”

Leave a comment

Your email address will not be published.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

*

Related content

WEBINAR

Recorded Webinar: How managed data services can support your digital journey

While data management has been very much an in-house function for many asset managers, recent analysis pinpoints accelerators that can help buy-side firms adopt Data-as-a-Service (DaaS) to help them gain competitive edge. The analysis, commissioned by SimCorp Gain, discusses the accelerators and obstacles of adopting DaaS. It also highlights the significant cost benefits and efficiencies...

BLOG

Are We Nearly There Yet? Gearing Up for DMS London 2020

With less than two months to go until the A-Team Group Data Management Summit 2020 in London, anticipation is mounting and preparations are finalising for what looks to be our biggest and best event yet. Join us as we take a sneak peek at the hot topics, key trends, big names and new innovations that...

EVENT

Data Management Summit London

Now in its 9th year, the Data Management Summit (DMS) in London explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

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...