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Mackay Shields Rolls out Markit Edm

Markit, a leading, global financial information services company, has rolled out Markit Enterprise Data Management (EDM) to MacKay Shields, a US-based investment firm with approximately $78 billion in assets under management. As part of the implementation, Citisoft, a global investment management consultancy, worked closely with MacKay Shields and Markit, playing an integral role in the management and deployment of the Markit EDM solution.

Markit EDM enables a streamlined, automated workflow, supporting operations across the front and back office. It has allowed MacKay Shields to manage the way data is collected and distributed throughout its investment management systems.

“Regardless of the size or scope of an institution, accurately managing data is key to reducing risk across the entire organisation,” said Daniel Simpson, Managing Director and Head of Markit EDM. “We’ve seen data management initiatives become more prevalent in the front office in recent years, especially within buy-side firms. These organisations are focusing their efforts on front office data demands for actionable, reliable and up-to-date information to support pre-trade compliance and trading decisions.”

David Bates, Principal at Citisoft, said: “Markit EDM provides a central hub for the management of complex data sets in an efficient and controlled manner in support of MacKay Shields’ world class investment capabilities. Markit EDM’s flexible platform further enhances MacKay Shields’ infrastructure and investment services capabilities supporting its tailored income-oriented investment solutions.”

Citisoft is a leader in advising investment managers on the definition and alignment of data management technology and operations to strategic business objectives, in addition to delivering effective professional service and solutions.