IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that Coronation Fund Managers, one of the largest independent asset managers in South Africa, has gone live on its Enterprise Data Management (EDM) Managed Service in only 14 weeks. Coronation has invested in the new data management platform to provide a solid foundation for the firm’s global client base.
“As we look to grow our global franchise, trust in our data is more critical than ever before,” said Llewellyn Smith, COO at Coronation. “We needed a flexible data management platform that could help us source and validate multiple data sources quickly and easily. We were working to a tight delivery timeframe with lean resources due to a number of other strategic IT initiatives running in parallel. IHS Markit has delivered on all fronts with a successful implementation in just over three months that will ensure data quality throughout our firm.”
Coronation is using EDM for Security Master, Risk/Analytics Master and Data Hub. As the asset manager’s core data management platform, EDM interfaces with multi-asset vendor, exchange and fund administration data sources as well as Coronation’s internal data warehouse. With a clear roadmap in place, the firm plans to broaden its use of EDM going forward.
“In a short space of time, we’ve become a trusted partner to Coronation with our team delivering the implementation in record time,” said Spiros Giannaros, global head of EDM and thinkFolio at IHS Markit. “Our managed service enables us to shorten implementation times while also providing global support 24/7/365. Following the Ipreo acquisition, we gained a large office in Cape Town and we are looking forward to working with other regional firms to help tackle their business challenges.”