AIM Software, the leading independent provider of data management business applications for the financial services industry, has announced today that one of the world's top 10 global custodians with USD 3 trillion in client assets under administration went live with GAIN Security Master to support the company's global data operations.
AIM Software was chosen as a result of a wider selection process involving all leading data management suppliers to the industry.
A Senior Manager for Data Service Delivery Initiatives commented: "We selected AIM due to a combination of its track record within the Fund Administration and Global Custody industry, and its Business Application approach to data management. In addition GAIN was chosen due to the level of flexibility available to business operations to accommodate future changes."
The Custodian is using GAIN in its global data operations to streamline the on-boarding and update of reference data. The system creates golden-copies of instrument and issuer data from multiple data vendors including Bloomberg and SIX Financial Information and is underpinned by a flexible and extensible set of business rules. This has enabled the firm to reduce operational costs, improve client services, and ensure consistent high quality data across its suite of services for institutional investors from 18 locations across North America, Europe and the Asia Pacific region.
Josef Sommeregger, Global Head of Business Development & Strategy of AIM Software, said: "Keeping pace with business imperatives within increasingly competitive market conditions while anticipating regulatory changes is at the heart of our clients' data strategy. We are seeing an increasing demand for the GAIN Business Applications, and we are delighted to welcome this new client to our Custody and Fund Administration user community".