Markit's EDM Solution Selected by Thornburg

Markit's EDM Solution Selected by Thornburg
19.04.2016 01:15 pm

Markit's EDM Solution Selected by Thornburg

Data Management , Infrastructure

 Markit announced that Thornburg Investment Management (TIM) has selected Markit’s enterprise data management (EDM) solution. TIM, a global investment firm with $56 billion in assets under management, will implement Markit EDM to address data quality and governance issues in the firm’s legacy applications and manual processes.

“The implementation of a single data hub will provide us with a flexible architecture to support our evolving business strategy over the coming years,” said Randy Dry, managing director and head of the Institutional Group, TIM.

The project includes building masters for security and price data and creating a data hub for positions, transactions, composite performance and benchmarks. DataStore will also be used to capture daily snapshots of all key entities.

“Using point solutions to manage enterprise data is a common but ineffective approach,” said Spiros Giannaros, managing director, Markit EDM. “By creating master data entities and using Markit EDM as a central hub for integration, TIM is laying the foundations for a long term strategy that will provide interoperability with new sources and consumers of data.”

Related News

Solidatus releases seamless integration with Collibra

Solidatus, the leading data lineage and business relationship mapping... Read more »

Asset Control Wins Best Data Management Solution For Regulatory Compliance

Asset Control, a leading solutions provider of managed data services for data mastering and analytics, has won ‘... Read more »

RIMES launches BMR Dashboard service to help asset managers overcome uncertainty and volatility around risk exposure

RIMES, the global leader in data management and RegTech solutions, today announced the launch of the ... Read more »

HESTA selects GoldenSource Nexus to overhaul investment data management

GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions announced today that HESTA is live with the... Read more »

NatWest Prolongs Contract with Artesian Solutions’ Relationship Intelligence and Customer Insight Platform

NatWest, part of the Royal Bank of Scotland Group, has today announced the renewal of its agreement with Artesian Solutions as the Banks’s core relationship intelligence and... Read more »

Spectra Helps Customers Modernise IT Architectures with StorCycle Software 3.0 and Enhancements to its Data Storage Portfolio

Spectra Logic, a leader in data storage and data management solutions, today announced that StorCycle, its new Storage... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel