Markit, a global provider of financial information services, says that Acadian Asset Management LLC has joined the ranks of its managed services enterprise data management (EDM) customers. Acadian, which boasts more than US$69 billion assets under management, will deploy Markit EDM for security master by mid-2016 and plans follow-on projects for master pricing, accounts, holdings and corporate actions data.
“Acadian’s IT transformation is an enterprise wide initiative and rapid rollout is essential to its success. By opting for a managed services EDM deployment, Acadian can take advantage of a quick and proven implementation methodology,” said Spiros Giannaros, managing director, Markit EDM. “Acadian was able to speak in depth to existing EDM customers to understand our established capabilities, approach and processes. We have noticed a definitive trend towards managed services in data management and it looks set to gather pace throughout 2016.”