SWIB Selects Markit for Enterprise Data Management
Markit (Nasdaq: MRKT), a leading global diversified provider of financial information services, today announced that the State of Wisconsin Investment Board (SWIB) has selected Markit’s enterprise data management (EDM) platform. The $104 billion investment fund will create a central hub for all of its investment data and reconciliations.
“SWIB needed a solution to effectively harness the immense amount of data that we need as a global investment management organisation,” said Lori Wersal, SWIB’s chief financial officer. “Markit’s broad base of capabilities and flexibility will allow us to reduce the time for data requests and provide higher quality and readily available data for modelling, analysis and investment decisions.”
After evaluating a number of products in the EDM landscape, SWIB identified Markit as the best solution for its complex business and technical needs.
“SWIB is one of the most progressive state pension funds actively investing in non-traditional asset classes,” said Spiros Giannaros, managing director and global head of enterprise data management at Markit. “As the complexity of their infrastructure changes, Markit’s EDM platform is flexible enough to adapt and we look forward to a long relationship with the firm.”
Notes to Editors
About State of Wisconsin Investment Board
The State of Wisconsin Investment Board is responsible for investing the assets of the Wisconsin Retirement System and six other funds. Retirement trust funds comprise 93 per cent, or $96 billion, of the assets under management. The WRS provides benefits to over 592,000 current or former employees of state agencies, the university system, school districts and most local governments. It is the 9th largest US public pension fund and the 28th largest public or private pension fund in the world.