Asset Control to Provide Centralized Data Management for The Capital Group
New York - 19 July 2010
Asset Control recently entered into an agreement with The Capital Group Companies, Inc., one of the world’s leading investment management organizations, to provide financial data management solutions through Asset Control’s AC Plus. The Capital Group will use AC Plus as part of its plan to upgrade middle- and back-office technologies to increase operational efficiencies and business flexibility.
AC Plus will provide The Capital Group with a centralized data management platform to meet a vast range of data requirements in support of global investment operations. The Capital Group will also use the AC Connect module, which provides adaptable integration, messaging and web services and simplifies the introduction of new business applications into the data management framework.
Phil Lynch, Asset Control’s president and chief executive officer, said, “Organizations like The Capital Group who seek innovative ways of enhancing their businesses have a distinct advantage in terms of enhancing efficiencies in operations and trading. We are pleased that The Capital Group has placed its trust in Asset Control to play a significant role in its technology initiative to continuously improve business processes and establish infrastructures that offer the flexibility that is increasingly required in today’s ever changing industry.”