LONDON (November 12, 2019) – IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that Western Asset Management Company, LLC, the $450 billion global fixed income asset manager based in Pasadena, California, has selected its Enterprise Data Management(EDM) solution delivered as a managed service. Western Asset will be using EDM to master core data sets including securities, prices, benchmarks and counterparties.
“Transforming our operations and making data an asset are central to our operational strategy,” said Kevin Brennan, Head of Investment Operations at Western Asset. “The EDM platform will provide a single integrated platform to master core data, creating greater leverage in our business model and allowing us to focus more time on other aspects of our operational infrastructure. Our partnership with IHS Markit is emblematic of our transformation efforts, coupling a leading technology platform with a managed service to better serve our global business.”
EDM is replacing internally built applications which will enable Western Asset to centralize its data management practices and improve operational efficiency. The managed service, which runs on Amazon Web Services, will give the business more control over the firm’s data assets with less reliance on technology teams.
“As asset managers face an increasingly challenging market with rising costs and demanding regulations, they are looking for ways to become more efficient,” said Andrew Eisen , global head of EDM and thinkFolio at IHS Markit. “By centralizing their data management in the cloud, Western Asset will achieve greater operational efficiency and the business will be able to make faster decisions based on timely, high quality data.”
About IHS Markit ( www.ihsmarkit.com )
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2019 IHS Markit Ltd. All rights reserved.
About Western Asset Management ( www.westernasset.com)
Western Asset Management is one of the world’s leading fixed-income managers. With a focus on long-term fundamental value investing that employs a top-down and bottom-up approach, the firm has nine offices around the globe and deep experience across the range of fixed-income sectors. Founded in 1971, Western Asset has been recognized for an approach emphasizing team management and intensive proprietary research, supported by robust risk management.
Suzanne Hewitt, +44 203 367 0594
Financial Services, Software Product