Baillie Gifford selects FINBOURNE Technology for data services
11 November 2021 UK
Image: James Thew
Baillie Gifford, the Scotland-headquartered independent investment manager, has selected FINBOURNE Technology’s investment data management SaaS platform, LUSID, as the Investment Book of Record (IBOR) for its global investment operations.
The platform will deliver a consolidated source of real-time investment data across Baillie Gifford’s equity, fixed income and multi-asset portfolios, as part of its drive towards a simplified cloud infrastructure.
FINBOURNE’s SaaS solution will provide a virtual repository, with one source of real-time aggregated investment data available across the firm.
Built on Amazon Web Services, using an open application programming interface, Baillie Gifford will use LUSID to aggregate and translate market, reference and investment data sets (including portfolio holdings and transactions), from multiple systems into one, real-time standardised form.
With LUSID’s IBOR Baillie Gifford can access and rewind its data, augmenting its investment processes, and leveraging this functionality to support performance, risk and business intelligence.
Richard McGrail, IT partner at Baillie Gifford, comments: “Having traditionally developed our processes and technology in-house, LUSID will provide a cloud-native, open-source architecture, that delivers the operational efficiency and transparency we desire today, along with advanced technology, that our teams can build and scale up in the future.”
Tom McHugh, CEO and co-founder, FINBOURNE Technology, says: “We welcome Baillie Gifford into the FINBOURNE fold, as one of a growing number of clients who accept a new standard for investment data management. LUSID demonstrates that it is possible to access, understand and control organisational data, across a complex system landscape.”
The platform will deliver a consolidated source of real-time investment data across Baillie Gifford’s equity, fixed income and multi-asset portfolios, as part of its drive towards a simplified cloud infrastructure.
FINBOURNE’s SaaS solution will provide a virtual repository, with one source of real-time aggregated investment data available across the firm.
Built on Amazon Web Services, using an open application programming interface, Baillie Gifford will use LUSID to aggregate and translate market, reference and investment data sets (including portfolio holdings and transactions), from multiple systems into one, real-time standardised form.
With LUSID’s IBOR Baillie Gifford can access and rewind its data, augmenting its investment processes, and leveraging this functionality to support performance, risk and business intelligence.
Richard McGrail, IT partner at Baillie Gifford, comments: “Having traditionally developed our processes and technology in-house, LUSID will provide a cloud-native, open-source architecture, that delivers the operational efficiency and transparency we desire today, along with advanced technology, that our teams can build and scale up in the future.”
Tom McHugh, CEO and co-founder, FINBOURNE Technology, says: “We welcome Baillie Gifford into the FINBOURNE fold, as one of a growing number of clients who accept a new standard for investment data management. LUSID demonstrates that it is possible to access, understand and control organisational data, across a complex system landscape.”
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