Nicholas-Applegate Capital Management has licensed XcitekSolutionsPlus' XSP platform to automate corporate actions processing.
XSP allows users to manage corporate actions processes and monitor exceptions by providing data capture, event notification, response tracking and processing of entitlements.
Nicholas-Applegate, which is a subsidiary of Allianz Dresdner Asset Management will also deploy Xcitek'sWeb-based module for automated notifications and response capture processing, eTran, and has also licensed the vendor's corporate actions data.
The vendor says Nicholas-Applegate is the third investment manager it has signed up this year.