Aegon selects Markit EDM for global roll out 10 July 2013London and New York Reporter: Jenna Jones
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Aegon Asset Management has chosen to distribute Markit’s Enterprise Data Management (EDM) platform across its operations, globally.
Markit EDM will support data management processes across multiple Aegon business units.
Aegon became a Markit EDM customer in 2005 when Kames Captial, previously Aegon Asset Management UK, implemented the platform to take control of its data operations.
Markit EDM also acts as the firm’s investment book of record and historical database for reporting.
Keith Rake, global COO of Aegon Asset Management, said: “We’ve been a Markit EDM customer for over seven years via Kames Capital in the UK.”
“The value already being delivered to the UK unit from its implementation convinced our US and Dutch operations that it was the best choice for our long-term global data management strategy. We are confident in Markit’s ability to deliver a solution that will help us meet our global data management needs.”
Daniel Simpson, managing director and head of Markit EDM, added: “One of the key trends we’re seeing with buy-side firms at the moment is the push to create a centralised data hub in order to gain a consistent view of data across the organisation.”
“Aegon Asset Management is operating in four different regions, each with its own data management challenges. We’re looking forward to expanding our relationship with Aegon Asset Management and enabling them to take a best practice approach to streamline their operations, take control of their data and reduce costs.”
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