Xenomorph, the leading provider of data and decision management solutions, today announced that CityIQ has become an officially accredited implementation partner for Xenomorphâs TimeScape system. The partnership combines CityIQâs project implementation skills in asset management with Xenomorphâs data management expertise. This combination offers asset management firms a fast and effective path to implementing solutions that enable increased usage of derivatives.
Asset managers are scaling up their derivatives capabilities to solve a variety of problems, not least the current competitive pressure to offer Liability Driven Investment (LDI) strategies. Xenomorph and CityIQ have identified that the resulting need to process and risk manage more complex financial instruments is a key market challenge to asset management institutions.
As a result, CityIQ is now an accredited consultancy implementation partner for Xenomorphâs TimeScape data and decision management system, allowing asset management institutions to add derivatives capabilities to their process without the
need for wholesale redevelopment of existing technology infrastructure.
Greg Johnson, Chief Executive Officer, Xenomorph, said âWe have worked alongside CityIQ on a number of occasions and have always been impressed by their industry knowledge and the quality of their consultants. We are now looking to increase that level of co-operation as we believe that by combining Xenomorphâs expertise in data and analytics management technology with CityIQâs consultancy skills we can further strengthen our delivery capabilities.â
Paul Wiltshire, Managing Director, CityIQ, said âWe are very impressed by Xenomorphâs TimeScape enterprise data management technology and the capability it offers to asset managers to rapidly improve their derivatives processing capabilities. CityIQ supplies experienced consultants and project managers who understand asset managersâ needs, and we look forward to work alongside the Xenomorph team to deploy solutions to those needs.â