Investec Asset Management smooths outsourcing with Netik's investment data hub

Investec Asset Management smooths outsourcing with Netik's investment data hub

Investec Asset Management is deploying Netik's Web-based investment data hub product, InterView, at its operations in London and Cape Town, to smooth its move to an outsourced back office system.

Kim McFarland, COO, Investec Asset Management, says the firm needed data warehousing technology deployed as a hub to enable the transition to its new outsourced platform from State Street.

"Netik InterView has been specifically engineered as just such a data hub and because it provides a single point for data management and reporting, it forms a clean and consistent boundary to the outsourced platform," adds McFarland.

Netik says the contract win shows the relevance of data warehouse hub technology to both outsourcing vendors and asset managers seeking to hive off middle and back office operations.

Bank of New York - a keen competitor to State Street for institutional outsourcing business - acquired a 51% stake in Netik in July this year.

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