The partnership combines CityIQ's project implementation skills in asset management with Xenomorph's data management expertise. This combination offers asset management firms a fast and effective path to implementing solutions that enable increased usage of derivatives.

Asset managers are scaling up their derivatives capabilities to solve a variety of problems, not least the current competitive pressure to offer Liability Driven Investment (LDI) strategies. Xenomorph and CityIQ have identified that the resulting need to process and risk manage more complex financial instruments is a key market challenge to asset management institutions.

As a result, CityIQ is now an accredited consultancy implementation partner for Xenomorph's TimeScape data and decision management system, allowing asset management institutions to add derivatives capabilities to their process without the need for wholesale redevelopment of existing technology infrastructure.

Greg Johnson, Chief Executive Officer, Xenomorph, said "We have worked alongside CityIQ on a number of occasions and have always been impressed by their industry knowledge and the quality of their consultants. We are now looking to increase that level of co-operation as we believe that by combining Xenomorph's expertise in data and analytics management technology with CityIQ's consultancy skills we can further strengthen our delivery capabilities."

Paul Wiltshire, Managing Director, CityIQ, said "We are very impressed by Xenomorph's TimeScape enterprise data management technology and the capability it offers to asset managers to rapidly improve their derivatives processing capabilities. CityIQ supplies experienced consultants and project managers who understand asset managers' needs, and we look forward to work alongside the Xenomorph team to deploy solutions to those needs."