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RIMES expands global buy-side customer network as demand for specialist managed data services soars

RIMES, a leader in data management for the buy-side, was selected during the first quarter of 2013 by some of the world’s leading investment managers seeking to enhance efficiency against a backdrop of a rapidly evolving data industry.

AEW Capital Management (US), Covéa Finance (France), Investec Asset Management (UK), NORD/LB (Germany), Nuveen Investments (US), Prescient Investment Managers (Ireland), Pyrford International (UK), Salient Partners (US), State Street (US) and TCW Investment Management (US) have become part of RIMES’ global network of clients.

These institutions have deployed the RIMES Benchmark Data Service® (RIMES BDS®), the fully managed service that has been specifically designed for the buy-side. This market segment is facing significant data management challenges as index vendors launch new products and clients demand more sophisticated investment management and reporting techniques. These factors have combined to increase complexity and reduce profitability for all buy-side firms.

RIMES BDS offers an immediate solution to the on-going challenge of managing an increasing volume of complex index and benchmark data, providing firms with all the data they need in a format that is ready for use in packaged or proprietary systems and databases.

Ed Batt, Global Head of Sales at RIMES, comments: “The expansion of our network of customers in the first quarter of the year is testament to our dedication to analysing the buy-side’s pain points and responding with the appropriate technology and expertise. Last year alone we held 25 data management forums across the world, facilitating discussion between over 275 industry practitioners and supporting them to overcome the unique set of challenges they face.

We look forward to further expansion of our customer base during this year as we continue to develop and enhance our service offering. We have a number of exciting product launches planned, including state-of-the-art data governance and reference data services.”