Project Description

Leading Sovereign Wealth Fund implements GAIN product suite to drive operational efficiency

This client is one of the world’s largest Tier-1 Sovereign Wealth Funds with over $500 billion of Assets under Management. The client implemented the GAIN product suite as its central data hub to comply with global data management standards in order to reduce risk and drive operational efficiency.

This leading sovereign wealth fund recognized the need to implement global data management standards in order to reduce operational risk, meet regulatory imperatives and improve operational efficiency. With a complex architecture comprised of multiple disparate systems, the client was looking to rationalize its systems architecture and streamline its data management processes.

The client selected AIM Software following an extensive RFP process involving all major EDM players. It was a combination of AIM Software’s product, people and process that led the client to choose AIM Software.

“We needed to see business benefits quickly and liked that AIM offered a fully productized solution. We were also confident that AIM’s phased approach to implementation would lead to quick ROI while minimizing risk. Furthermore, by joining the AIM User Community, we are able to influence the strategic direction of the product.”

Head of Operations, Tier-1 Sovereign Wealth Fund

The client has licenced the following four business applications from the GAIN Product Suite: Security Master, Pricing Master, Entity Master and Benchmark Master. The business applications all sit on the GAIN data management platform, enabling the client to streamline and centralize the sourcing, scrubbing and validation of its security, entity, pricing and benchmark data.

The initial phase of the project focused on setting up a central data hub sourcing data from over 10 data feeds – including Bloomberg, Thomson Reuters, ICE Data Services and Avox. It maintains and delivers high quality and consistent data to 8 target systems, including a data warehouse, dealing system (SimCorp Dimension), fixed-income-, limits monitoring-, corporate actions- and compliance systems – across all asset classes and to all lines of business.

While the initial phases of the project were led by AIM Software, AIM has helped the client to become increasingly self-sufficient in maintaining the platform.

In partnership with AIM Software, the client has successfully implemented global data management best practices, resulting in better data quality, reduced risk and greater operational efficiency.

The client is an active member of the AIM Software User Community, working with AIM Software, its partners and other clients to help influence the future direction of the GAIN product suite.

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