To Support Valuation and Accounting
Asset Control International, a leading provider of financial data integration technology, announced today that Deutsche Bank AG has chosen Asset Control software to centralize its management of securities pricing, reference and corporate actions data. The system, which is initially being implemented in Deutsche International (Ireland), will serve fund administration and custodian operations in Europe, Asia and North America.
Asset Control was chosen after an extensive evaluation of several vendors. It will replace a number of proprietary systems. The project is now in pre-production in Dublin and is scheduled to go into production at the end of this month. Initially, four vendor data feeds will be integrated with more being added over the next year. In the first phase, it will feed data into three fund administration and pricing systems, with extension into additional bank systems in the near future.
"We are delighted to welcome Deutsche Bank to our distinguished group of customers," said Ger Rosenkamp, CEO of Asset Control. "They join a growing number of clients who are extending the use of our software into administration and pricing of investment funds. Their commitment to a global implementation is an important confirmation of our centralized golden-copy approach to gaining data consistency in support of operational efficiencies and straight-through processing."