02 July 2015

Friends Life Investments goes live with Markit EDM platform

11 September 2012  |  1324 views  |  0 Source: Markit

Markit, a leading, global financial information services company, today announced that Friends Life Investments, the newly created asset management arm of the Friends Life Group, has gone live on the Markit Enterprise Data Management (EDM) platform (formerly Cadis Software).

Markit provides Friends Life Investments with a centralised hub to distribute data throughout the organisation providing data capture, cleansing, validation and exceptions management.

Mark Versey, Chief Investment Officer of Friends Life Investments, said: "We created an asset management business from scratch with aggressive timelines - the Friends Life Investments platform had to be live by the end of the second quarter of 2012 to manage the Friends Life Group's fixed income assets.

"We chose Markit EDM based on their extensive experience with our market data, technology and outsourcing providers and their rapid implementation time. We were also impressed by a solution that is very user focused and which we could quickly take ownership of ourselves."

Daniel Simpson, Managing Director, Markit EDM, said: "We are seeing a continued trend of asset management firms recognising the need to manage data in an efficient, transparent manner, enabling them to control operational costs and focus on core portfolio management activities. We have provided Friends Life Investments with a short implementation time and reduced project risk so they can successfully carry on building out their business." 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Top topics

Most viewed Most shared
Global fintech investment triples - Accent...
9116 views comments | 47 tweets | 27 linkedin
Barclays takes on Apple with wearable paym...
8122 views comments | 38 tweets | 32 linkedin
Wells Fargo to usher in voice and facial b...
6257 views comments | 20 tweets | 25 linkedin
European ACHs form Sepa joint venture
5226 views comments | 22 tweets | 15 linkedin
UK payments regulator calls for 'pipes and...
4903 views comments | 25 tweets | 17 linkedin

Featured job

up to £95K base, £190K OTE, benefits
London, UK

Find your next job