NEW YORK--(EON: Enhanced Online News)--Pressures on buy-side data management continue to grow, prompted not only by data volume increases but also emerging governance requirements. Ongoing growth seen by RIMES (www.rimes.com), a leading provider of fully managed data services, confirms rapidly rising demand for ways to deal with data complexity more efficiently.
Many more of the world’s leading investment managers recently signed up with RIMES. By doing so they gained access to the fully managed RIMES Benchmark Data Service®, Reference Data Service and Data Governance Service.
New clients in EMEA included Berenberg Bank (Germany), Mediolanum (Ireland), NORD/LB Asset Management (Germany) Nykredit Asset Management (Denmark), Pyrford International (UK) and Sarasin & Partners LLP (UK). In the US the new clients were Brown Brothers Harriman & Company, the CFA Institute, Dodge & Cox, MacKay Shields and Microsoft Corporation. In Canada, they were BIMCOR, Fiera Capital and the Ontario Pension Board.
Ed Batt, Global Head of Sales at RIMES, says that growing recognition of managed services as the way forward reflects the high levels of internal resource needed to deal with constant change: “The buy-side is offered a continuous stream of new products from index vendors, and at the same time their end clients want ever-more sophisticated management and reporting. Dealing with all of this in-house can make a very big impact on performance and profitability. What we offer is comprehensive coverage, simplicity, and confidence that reliable data are delivered quickly and directly to in-house systems. We also help clients to address emerging issues – as witnessed by this year’s launch of the RIMES Data Governance Handbook.”
Technology often plays an important role, but it is always rooted in a detailed understanding of the market. Ed Batt explains: “Service development at RIMES is driven in no small part by client demand, and there is no substitute for spending time face-to-face with groups of investment managers. Swapping ideas in a structured environment yields big benefits for RIMES and for our clients, which is why we hold frequent data management forums across the world, involving hundreds of leading industry figures – there are more than 30 of these in 2013, hosted in key financial centres from London to Geneva and from Stockholm to Los Angeles.”
The next RIMES event for the buy-side will be the Data Governance Conference in New York, October 16. To register, please email firstname.lastname@example.org
Founded in 1996 specifically to serve the complex data needs of the buyside, RIMES Technologies Corporation is a specialist provider of managed data services and one of the pioneering adopters of cloud-based technology to deliver highly customised financial data over the Internet. Delivering world-class data, supported by first-class service remains a focus of RIMES today. RIMES is a unique global company, combining the best people with the most forward-thinking technology. The RIMES team of experts has unparalleled practical experience, gained at the heart of the industry, enabling them to deliver this service to over 200 institutions in 36 countries across the globe. www.rimes.com