NEW YORK--(SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has released a new CXO relay, titled “Turning Data Management Challenges into Business Opportunity.” The paper features Benita M. Warmbold, Senior Vice-President and COO of CPP Investment Board (CPPIB), which manages a $170.1 billion fund.)--
“Turning Data Management Challenges into Business Opportunity.”
Citing the benefits of treating regulation as a catalyst for business growth rather than as an obstacle, Warmbold explains, “Fortunately, there’s a fair amount of synergies between our approach to managing data complexities and the regulatory changes that are happening in the OTC derivatives processing space. For instance, the Legal Entity Identifier (LEI) required for each of the entities and securities processed fits in perfectly with our data strategy. Having a unique identifier allows us to know our true exposure across all the asset classes, enabling us to quickly drill down into specific portfolios, sectors, geographies and product types. This is where regulation in some ways acts as a business catalyst for expansion and innovation.”
The CXO Relay is part of SimCorp’s ongoing executive communications platform that features leading buy-side executives’ views, experiences and best practices on critical investment management issues. Recent contributors include: Michael Jarzabek, Head of Institutional Relationship Management at LBBW Asset Management; Dr Frank Wellhöfer, Managing Director at MEAG and Marc van den Berg, COO at PGGM Investments.
The CPP Investment Board, which is a professional investment management organization based in Toronto, has been a user of SimCorp’s investment management solutions since 2010.
For further details, please download the full CXO relay here.
Since 1971, SimCorp has been providing investment and portfolio management solutions and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds and wealth managers. SimCorp’s world-class software provides global financial organisations with the tools they need to mitigate risk, reduce cost and enable growth. SimCorp is a global company, regionally covering all of Europe, North America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients and its investors. For more information about SimCorp’s products, please visit www.simcorp.com/product.